Economy 1718
Dumpster Diving: (Potbelly Corp. Edition)
Before COVID-19, Potbelly was showing tangible signs of a business turnaround. If you look at Q4 2019 results, the company had its best comps in three years at
Williams set to sell Formula One team following financial losses
Williams are considering selling their Formula 1 team due to growing financial pressures.This mo...
[ICYMI] Obasanjo writes former African presidents, rallies support for AfDB’s Adesina
Former President of Nigeria, Olusegun Obasanjo, has called on former African presidents to support President of AfDB, Dr Akinwumi Adesina,
Insurtech Trov Partners With P&C Insurer Seguros Sura Brazil to Bring On-Demand Insurance to Brazil
Trov, a U.S.-based insurtech company, announced earlier this week it has formed a new partnership with Seguros Sura Brazil, a Latin American P&C insurer, to
As coronavirus scams proliferate, Google launches scam-spotter tool
Scammers beware: Google is on the lookout for you.
Renault to cut 15,000 jobs in 'vital' cost-cutting plan
Carmaker Renault said Friday that it would cut nearly 15,000 jobs, including 4,600 at its core French operations, as it seeks to steer out of a cash crunch exacerbated by the coronavirus crisis.
South Korea coronavirus spike stirs second wave concern, social distancing crackdown
SEOUL, May 28 (Reuters) - South Korea reported 79 new coronavirus cases on Thursday, the most in nearly eight weeks, triggering the return of tougher social distancing curbs amid the spectre of a second wave of disease in a country praised for containing the first outbreak.
Coronavirus impact: Govt needs to act before COVID-19 slaughters the Rs 1 lakh crore Indian poultry industry
Poultry industry supports over 25 million farmers and employs over five million directly and indirectly in allied fields
Finding Comfort Outside Of The MegaTechs
Megatech has done well lately. But for investors over allocated to Facebook, Apple, Amazon, Microsoft and Alphabet, there are other tech stocks with good growth prospects and strong balance sheets.
Only 2 of YouTube's earliest employees are still at the company — here's what YouTube's first 10 employees are up to now (GOOG, GOOGL)
YouTube has come a long way since 2005. Back then, YouTube had only 10 employees, plus cofounders Chad Hurley and Steve Chen.
Dilip Buildcon consolidated Q4 profit more than doubles to Rs 191 crore
The company had clocked a profit of Rs 84.09 crore during the corresponding period of 2018-19, it said in a BSE filing.
Film photographer Ashok Variava: With lockdown restrictions getting relaxed, we are hopeful
As general secretary of the Bollywood Photographer Association, Ashok Variava is aware of the struggle 600-odd colleagues are facing amid the coronavirus-induced lockdown.
Sensex surges 224 pts; Nifty tops 9,550-mark
Extending its rising streak to the third session, equity benchmark Sensex jumped 224 points on Friday, driven by gains in HDFC, ITC and HUL despite weak cues from global markets.
Ministry proposes $69m stimulus for fisheries, aquaculture
Minister Edhy Prabowo said the stimulus would include social aid for fishermen, fish farmers and salt farmers and funds to strengthen surveillance efforts against poaching.
Redesigning business processes for contactless operations
Blog » As the world fights against Covid19, businesses are desperately struggling to cope and sustain in the rapidly evolving commercial landscape. Long-lasting
Pacific Premier Bancorp's Temporarily Elevated Expenses, External Factors To Pressurize Earnings
The acquisition of Opus Bank will lead to high expenses in the second and third quarters. External factors, including the decline in interest rates and the wors
Michel Barnier: UK needs to get real if it wants a Brexit deal
An agreement by the end of the year will be ‘very difficult, but it is possible,’ EU negotiator says.
Fiscal deficit widens to 4.6% of GDP in FY20 on poor revenue realisation
The deficit, which signifies the gap between government revenue and expenditure, is higher than the revised estimate of 3.8 per cent for the fiscal
India’s key growth engine grinds to halt in sign of slump
India Business News: From call centers to hotels to airlines, India’s key services industries have come to a standstill during the coronavirus outbreak, dragging the econo
Proposed USCIS furlough could impact tech firms
Following the national lockdown which was announced in the US about two months ago, application and petition receipts have dropped to half, impacting the ability of the agency to continue to function effectively. The USCIS relies primarily on income from visa processing to keep itself running.
Tax Deducted at Source: Quarterly payment of TDS could be a ‘Saviour’ for taxpayers in Corona crisis
It is hoped that the Income Tax Department will be empathetic to the problems faced by taxpayers and a pragmatic view shall be taken to allow taxpayers to make the quarterly payment of TDS under Rule 30(3).
We'll All Be Renting a Local Airbnb This Summer
Yes, people are itching to travel, but their first holidays are likely to be close to home.
MASS Design Group outlines redesign strategies for restaurants following coronavirus
US architecture firm MASS Design Group has suggested that restaurants add barriers, remove bar seating and seek local produce sources to curtail infection and promote social distancing to allow patrons to safely eat out following the coronavirus lockdown.
SpaceX Starship Launch Insurance Requirement Jumps To $198 Million
Aerospace manufacturer SpaceX was granted a license for suborbital flights by the FAA yesterday, which included new insurance costs.
Canada’s economy saw record decline in March, with worse numbers forecast for April
Statistics Canada says GDP fell 7.2 per cent in March; the agency is forecasting a decline of 11 per cent in April as COVID-19 lockdowns took hold
Euro zone flash inflation at four-year low in May
Consumer prices in the 19 countries sharing the euro declined by 0.1% in month of May
Twitter labels Trump tweet as ‘glorifying violence’
U.S. president had said ‘when the looting starts, the shooting starts’ regarding protests in Minnesota.
US layoffs climb to 41 million, despite business reopenings
An estimated 2.1 million Americans applied for unemployment benefits last week despite the gradual reopening of businesses around the country
Donald Trump says US will cut ties with World Health Organisation over coronavirus
President Trump said China has 'total control' over the global organisation
Rising Up To The Challenge: How Indian Railways Has Become PPE Self-Reliant
Indian Railways is now manufacturing its own high-quality PPEs and other protective gear at affordable cost.
WWE News: Eric Bischoff Reveals If He Thinks Brock Lesnar Will Ever Wrestle Again
Brock Lesnar hasn’t been seen or heard of since losing the WWE Championship to Drew McIntyre at WrestleMania 36. Some people believe that he’s taking his usual time off after an extended ...
Covid takes toll on core sector, output slumps 38% in April
India Business News: Output of eight core sector industries plunged 38.1% in April — probably the steepest ever — led by an over 80% slump in cement and steel production d
Forex Today: Dollar dives, decoupling from stumbling stocks ahead of Trump's Chinese announcement
Here is what you need to know on Friday, May 29: The US dollar remains on the back foot, with EUR/USD topping 1.11, despite a worsening market mood re
Elon Musk just earned $780 million from Tesla — but there’s a catch
The monstrous compensation package for Tesla CEO Elon Musk is considered the largest of its kind in history, and it's starting to pay out.
Auto index outperforms benchmark Sensex for second straight month
In the past two months, M&M has rallied 55%, while Hero MotoCorp soared 46% followed by Escorts (up 37%) and Bajaj Auto (up 32%)
ASX climbs 4.2pc in May as fallen stocks find favour
A miraculous late run for the banks lifted the ASX from a mediocre month to sharp rise, adding to a rebound for mining, tech and restrictions-hit companies.
Fashion retailer PAS group goes into voluntary administration
Australia's retail climate has claimed another scalp with the owner of fashion brands Review, Black Pepper and Yarra Trail sinking in to administration.
Large-scale Summer Promotion! Windows 10 Pro Only $14
If your PC is still using the older version Windows 7/8, it’s the right time for you to upgrade the software to Windows 10. The latest software version comes with
Financial Markets Continue To Rise Despite Dismal Employment Data
The April unemployment rate was 14.7 percent as jobless claims continue to roll in. Q1 GDP was down 5 percent. If consumer spending does not rebound, then the r
Euro zone companies tap banks for cash to survive pandemic
Lending growth to non-financial corporations accelerated to 6.6 percent in April, its fastest rate in over 11 years, from 5.5 percent a month earlier, the data showed.
L.A. County Approved to Reopen Hair Salons, Barbershops
Nail salons are still excluded, but L.A. is moving fast toward reopening of hair salons, barbershops, even restaurants amid the coronavirus.
OPEC delivers three quarters of record oil cut in May: survey
LONDON (Reuters) - OPEC oil output hit the lowest in two decades in May as Saudi Arabia and other members started to deliver a record supply cut, a Reuters survey found, although Nigeria and Iraq are laggards in making their share of the reduction.
Renault To Cut Nearly 15,000 Jobs, Alpine A110 Future In Doubt
Renault's plan is to save in excess of €2 billion over three years. It involves reconverting the Dieppe plant at the end of the Alpine A110's production.
Elon Musk gets a $770 million award as Tesla hits goals
He can't sell the shares yet, though.
Starling Bank lands £40m from existing backers
Starling Bank has raised an additional £40 million in funding from existing backers, adding to its £60 million raise in February, TechCrunch reports.
Ringgit opens higher against US dollar
KUALA LUMPUR, May 29 ― The ringgit strengthened against the US dollar in early session today on an overnight recovery of oil prices but investors are cautious by a possible escalation of the United States (US)-China trade war risk, said an analyst. At 9.08am today, the local note was quoted at...
Do not shift shops: vegetable traders
Over 120 traders operate at the VOC market and the Salem Corporation has proposed renovation of the place under the Smart Cities Mission.
Trump administration to study ways to protect for U.S. investors from Chinese firms
WASHINGTON — The Trump administration will study ways to safeguard Americans from the risks of investing in Chinese companies, U.
Pakistan plans to raise $1.5bn in Eurobonds, officials say
Pakistan News: Pakistan plans to raise $1.5 billion through Eurobonds to bridge a balance of payments gap for the financial year beginning July 1, said sources. With
B.C. looks to staycations to save tourism
Destination BC has produced a draft plan for a June campaign launch if the provincial health officer approves of the next phase of the province’s restart
Banks’ asset quality ratios may worsen up to 600 bps: Fitch
The report added that while secured loans such as home and auto are relatively more resilient, they will not be isolated from stress as unemployment rises.
Citing loss, Tangedco wants Open Access consumers to pay additional surcharge
State electricity utility says it suffered a loss of ₹2,383 crore due to under-recovery
Non-payment of dues since lockdown: Notice served to Statue of Unity contractor L&T
On Friday morning, the SoU management in a statement confirmed that L&T, which has constructed the statue and is also responsible for the maintenance of the site, had defaulted on the payment of wages to its outsourced employees -- mostly the housekeeping staff and security personnel.
Commuters decry new BRT fares as operator count losses
Commuters in Lagos yesterday expressed dissatisfaction over the hike in fares by the Primero Transport Services Limited, operator of the Bus Rapid Transit (BRT) in the state.
Self-employed scheme extended as Chancellor details furlough changes
It comes after Boris Johnson announced a gradual easing of the lockdown in England, with friends and families able to meet in parks and gardens.
Old style value investing doesn’t work anymore, says Damodaran
Guru Aswath Damodaran said value and growth investing has become a lazy categorisation of investing.
South Korea 'comfort women' activist denies allegations
May 29 (UPI) -- The South Korean activist accused of misappropriating funds for surviving "comfort women" said Friday at a press conference the charges from former victim Lee Yong-soo are false.
Despite Catalysts, Penn Stock Remains a Sell
There's plenty to be excited about with PENN stock. But with shares getting ahead of themselves, steer clear until shares take a breather.
Target Closes 28 Stores in Response to Looting and Riots in Minneapolis
Executuves at Target and TJ Maxx did not say whether they to temporarily close any stores in other states where protests are being held.
Zscaler Stock Is Thriving as More People Work From Home
The cloud-based security upstart’s growth is set to accelerate with a little assistance from a nationwide lockdown.
Brookfield re-enters race for Virgin with surprise bid
It remains unclear how Brookfield's 11th-hour pitch will affect the rest of the process, which will see the administrators reduce the bidders to just two.
Some US asset managers are slashing fees on money market funds so their investors don't lose money because returns are so low
Asset management firms in the US are slashing fees charged on short-term debt funds as plunging interest rates and yields on US government debt ...
Governor Wolf to lift more pandemic restrictions in Pennsylvania
Action News coverage of the coronavirus COVID-19 outbreak
Diane Dodds – Furlough changes incredibly difficult for some firms in NI
Around 200,000 people have taken part in an unprecedented official initiative to save jobs during the lockdown.
No new car, no bouquets as Raj Bhavan goes on an austerity drive
Practice of offering gifts to VVIPs discontinued; measures aimed at cutting spending by 15%
Lockdown impact: Economy seen slowing rapidly in March qtr, with worse to come
The full impact of the lockdown on manufacturing and services will become more apparent in the June quarter, with Goldman Sachs predicting a 45% contraction from a year ago.
Central Bank of Liberia Board Announces Reduction in Monetary Policy Rate
MONROVIA – The Board of Governors of the Central Bank of Liberia (CBL), during its 28 May 2020 sitting, approved a reduction in monetary policy rate to 25%. This comes three months after the CBL’s Board of Governors approved to maintain the monetary policy rate of 30% in February. This move is indicative of the […]
Fresh Antimatter Study Will Help Search for Dark Matter
The ALICE collaboration has presented new results on the production rates of antideuterons based on data collected at the highest collision energy delivered so far at the Large Hadron Collider.
WHO and 37 countries launch alliance aimed at sharing tools to tackle coronavirus pandemic
The effort aims to provide a one-stop shop for scientific knowledge, data and intellectual property amid a pandemic that has infected more than 5.8 million people and killed more than 360,000
Dlamini Zuma’s tobacco ban and the political divisions it is causing
Ballooning arrests as tobacco ban drives the illicit economy; BATSA heads to court alongside tobacco independents.
Global stocks fall as investors brace for Trump to hit China with a 'bazooka'
Global stocks turned lower on Friday as investors prepare for fresh US-China intensification ahead of President Donald Trump's press conference ...
Plan for stronger care homes lockdown to stop coronavirus spread 'was rejected'
A proposal put forward by Public Health England urging for a stronger lockdown of care homes was rejected by the Government, before 10,000 residents died of Covid-19
Wall Street ends down in late selloff; Facebook and China weigh
The Dow Jones Industrial Average fell 147.63 points, or 0.58%, to 25,400.64, the S&P 500 lost 6.4 points, or 0.21%, to 3,029.73 and the Nasdaq Composite dropped 43.37 points, or 0.46%, to 9,368.99.
Global stocks slip as markets await Trump's HK response
SINGAPORE, May 29 ― Asia's stock markets pulled back and major currencies were held in check today, as investors await the US response to China tightening control over the city of Hong Kong. China's parliament yesterday pressed ahead with national security legislation for the city, raising fears...
ACT Fibernet hikes broadband rates in 8 Indian cities - here's why
The fiber-to-home internet service provider has announced that the hikes would range between 2 and 4% though in the case of select plans the upward revision could be higher.
Cool Ranch Doritos return after consumers lament their 'mysterious' disappearance
Cool Ranch Doritos are re-emerging on store shelves after they 'mysteriously' became scarcer during the pandemic.
Stonewalled on mussels
Earlier this month, the Okanagan Basin Water Board reminded the public that the battle against invasive mussels hasn't gone away during the COVID-19 pandemic.
Dell beats revenue estimates as remote working lifts workstation demand
ROUND ROCK,Texas: Dell Technologies Inc beat analysts' estimates for quarterly revenue on Thursday (May 28), boosted by demand for its ...
New Zealand near eradication, but virus has grim global hold
New Zealand on Friday had all but eradicated the coronavirus from its shores with just one person in the nation of 5 million known to be still infected, but developments elsewhere were generally grim,
EUR/USD: ECB and a packed US data could wane the optimism
EUR/USD is awake, alive, and kicking, hitting the highest in two months. The all-important ECB decision and potentially another devastating US jobs re
A Brief History of Workplace Design and Where it Might be Headed Next
How workplaces have evolved over the last 50 years and how they might evolve after COVID-19
Statistics Canada says first-quarter GDP worst showing since 2009
OTTAWA - Canada's economy had its worst quarterly showing since 2009 through the first three months of 2020 owing to COVID-19, Statistics Canada said Friday
Why CBN slashed monetary policy rate - Official
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has explained why it slashed the monetary policy rate, popularly called lending rate, from 13.5 per cent to 12.5 per cent.
With rooms, flights going empty, here’s how airlines and hotels are making money
Two of the worst hit sectors due to coronavirus -- aviation and hotel industries -- are eyeing alternate revenue streams as lockdown dries up revenues.
Swiss National Bank Has $3.19 Billion Holdings in Amazon.com, Inc. (NASDAQ:AMZN)
Swiss National Bank increased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 23.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,635,551 shares of the e-commerce giant’s stock after acquiring an additional 309,700 shares during the period. Amazon.com comprises about 3.4% of Swiss National […]
SA company probed for non-delivery of PPE to Botswana, bank account frozen
The companies ordered the equipment from Proverbs Medical (Pty) Ltd and paid R1 million but allegedly did not receive the goods.
JobKeeper could be extended, says Peter Dutton
Home Affairs Minister Peter Dutton has confirmed the government is willing to be flexible with the end date for JobKeeper wage subsidies.
Screening For Growth Leaders With Outstanding Profitability
Investing in growth leaders can be great, and investing in growth leaders with attractive profitability can be even better. Presenting a screener that selects c
GDP Numbers Expected To Show India's Economy Grew At Slowest Pace In 2 Years
Economists expect the fiscal year that began in April will see the worst economic contraction in four decades.
Tamil Nadu CM to invite 13 prominent tech companies to invest in state
The move is aimed at cashing in on the opportunities arising with companies planning to exit from countries like China and looking to relocate their manufacturing activities to countries like India
Cate Blanchett to star in movie adaptation of ‘Borderlands’ video game
In the film, directed by Eli Roth, Blanchett will essay the role of Lilith, one of the main protagonists in the game series
Renault poised to announce 15,000 lay offs worldwide
Some 4,500 jobs would go in France, though largely through a voluntary departure plan and a retirement scheme, the CFDT's Franck Daout told Reuters on Thursday.
Elon Musk earns performance-based Tesla payout worth $775M
Elon Musk is officially in the money. The Tesla CEO on Thursday became eligible to cash in on a controversial payday which could see him pocket more than $700 million. The electric automaker said in a
Wipro names former Capgemini COO Thierry Delaporte as new CEO; Neemuchwala to leave on 1 June
Thierry Delaporte, who will replace Abidali Neemuchwala, was most recently the chief operating officer of Capgemini Group.
Report: Whole Foods, King Soopers Make The Most Of Their Plant-Based Offerings
A report released Thursday by the Good Food Institute takes stock of the progress the top 15 U. S. grocery retailers have made in stocking, merchandising and marketing the growing array of plant-based meat, dairy and egg alternatives.
Rich Lister winners and losers so far
With the fortunes of many billionaires tied up in equity, the past few months have been a wild ride and not everyone has come out on top.
Working hours for commercial activities from 7am to 1pm from Sunday
The Ministry of Commerce and Industry (MoCI) said yesterday in a circular that work hours for commercial and service activities in Qatar will be from 7 am to 1 pm from Sunday. The steps are taken within the framework of the preventive and precautionary measures taken in Qatar to contain the COVID-19 outbreak and in line with previous decisions and procedures.
ASIC flags payday lending concerns once COVID-19 fiscal stimulus dries up
More Australians will likely turn to high-risk payday loans when existing coronavirus stimulus measures run out in September, ASIC has warned.
Stifel Financial Corp.: A New 6.125% Preferred Stock IPO Trading At A 4.50% Premium
Stifel Financial Corp.'s new preferred stock, SF-C, is trading above its PAR, having a YTW of 5.12%. Company's leverage and liabilities' payments look solid. SF
Here are 7 of the top chart patterns used by technical analysts to buy stocks
Technical analysts believe that stock prices often trade in patterns, as the motivating driver behind the movement of stocks is humans, and ...
Fomer EastEnders actor Aaron Sidwell fears he might earn nothing this year
Actor Aaron Sidwell says he could easily earn nothing this year.
New Zealand near eradication, but virus has grim global hold
In the U.S., the virus threw more than 2 million people out of work last week despite the gradual reopening of businesses, stoking fears the scourge is doing deep and potentially long-lasting damage to the world's largest economy.
People will have to limit contact for a long time into the future – expert
People will have to limit their contacts with other people for a long time into the future despite the pandemic easing, a health expert has said.
GDP: 3.1% for March quarter, 4.1% for year. But it is not due to coronavirus
GDP growth rate for March quarter slipped to 3.1% from 4.7% recorded during the previous quarter. The economy grew by 4.2% in 2019-20 for year. The coronavirus lockdown will have more impact in June quarter.
New York City slated for partial reopening on June 8
New York City is "on track" to enter phase one of reopening on June 8, New York Governor Andrew Cuomo said on Friday as he announced that five upstate regions will now transition to phase two, which allows businesses like barbershops and hair salons to reopen for business.
Amazon sellers are marking products as ‘collectible’ to get around price gouging rules
Thousand-dollar "collectible" dumbbells and hot tubs.
MCD unlikely to resume property tax collection from June 1
The Municipal Corporation of Dehradun (MCD) will not resume property tax collection from June 1. The tax section of the corporation was closed for the public since the middle of March due to Covid-19 pandemic due to which many property tax payers of the city have not submitted their property
French mortality rate in May below previous years despite epidemic
PARIS (Reuters) - Fewer people died in France in early May than in the same period in the two previous years following high excess death rates during the peak of the coronavirus epidemic in March-April, statistics agency INSEE said on Friday.
Electric motorbike gives women in rural Zimbabwe a path out of poverty
The Hamba is solar-powered and easing the strain of domestic work.
The Paycheck Protection Program Could Have Been Great—It Wasn’t
With the first round of Paycheck Protection Program recipients about to submit for loan forgiveness, let's look back on the process.
With the coronavirus, where government stumbles, litigation will step in
American ambivalence about government has left the courts to play an outsized role responding to public health crises like lead poisoning, asbestos-related illnesses and now, the coronavirus pandemic.
Dow Jones Slumps as Cisco Acquires a Cloud Company, Home Depot Stock Moves Closer to 52-Week High
Cisco will reportedly pay $1 billion to expand its software portfolio, and Home Depot continues to rally.
Dollar bides time, yuan falls before Trump takes stage on China
TOKYO — The dollar was hemmed into a narrow trading range on Friday as traders’ focus shifted to U.
Minimum Wage Requirement Indicates Hamilton City Council Is Out Of Touch
Responding to Hamilton City Council's move to a minimum wage of $20 per hour for employees of its contractors, the New Zealand Taxpayers’ Union is labelling the decision tone-deaf.
Dua Lipa calls for refugee charity donations as she kicks off 24-hour concert
One Humanity Live is raising money for a variety of charities.
Soros Reportedly Suggests Reviving 18th Century Bond Scheme to Help EU Weather COVID-19 Cost
The billionaire also described the coronavirus as a threat to "the survival of our civilization", which "moves very fast and in unpredictable ways".
Pay.UK rolls out Request to Pay framework
Pay.UK has issued the message standards, rules and terms and condition for the development of Request to Pay services.
Foreign Exchange Reserves Soar To Record High Of $490.04 Billion
The country's foreign exchange reserves swelled by $3.005 billion to a lifetime high of $490.044 billion in the week to May 22.
Here's Why Zoom Stock Has Been Soaring -- and What to Expect Going Forward
Following a more than doubling of its stock over the last six months, expectations are high going into the videoconferencing company's earnings report next week.
EasyJet and Carnival poised to exit FTSE 100 as virus hammers travel firms
Avast, Homeserve, Ladbrokes owner GVC and Convatec have been earmarked as the most likely firms to move into the index.
Workers to start getting part of furlough payments from their companies
Chancellor Rishi Sunak announced that the self-employment support scheme has also been extended.
Wellness company to create 100 jobs with Cork City plant
Doterra’s European manufacturing HQ will be located in the northern suburbs of the city
Walsall Council receive EA funding to reduce town centre flood risk
A grant of £175,000 has been given to a council to replace a culvert and reduce the risk of businesses nearby flooding.
Forecast: Pleasant conditions expected through the weekend
Breezy trade winds with mainly windward showers are expected through the weekend.
Rail project expecting $100M shortfall, possibly $100M more | Honolulu Star-Advertiser
The Honolulu Authority for Rapid Transit got grim financial news Thursday, with no easy answers ahead.
Centre will soon decide on opening shops in malls: Goyal
‘MSME schemes, including credit guarantee programme, covers traders also’
PayPal: Shares Lack Further Upside At The Current Valuation
PayPal has undergone an explosive rally in its share price. Future expectations are set too high. The current valuation does not justify the company's future po
Senate won't sit again until June 16
The Senate is staying closed for two more weeks, not planning to sit again until June 16.
Kylie Jenner Responds To Forbes’ Claims That She Lied Her Way To Billionaire Status
After Forbes magazine announced that they were removing Kylie Jenner from their list of billionaires and stripped her of the title “World’s
Decoding the Stock Market: The Vocabulary of Volatility
Here are some of the most important volatility concepts for investors to know.
Dam Catastrophes Can Be Prevented
Crumbling infrastructure puts communities at risk. A disaster in Michigan shows what’s at stake.
Exclusive: Brazil's Embraer draws foreign interest after Boeing rift - sources
Aircraft makers are circling Brazil's Embraer weeks after Boeing ditched plans for a historic commercial aviation tie-up, people familiar with ...
Coronavirus crisis: Renault to lay off 150,000 employees globally
The overall cuts would affect just under 10% of Renault's 180,000 global workforce. The firm has around 48,500 staff in France
Travancore Titanium to make Li-ion batteries
PSU develops lithium trinitrate, main raw material for these batteries
F&O: Nifty50 structure looks bullish; supports shift higher
Going forward, Nifty will face resistance at 9,730 and then 9,889 levels.
Over 120 Billion Idle XRP Tokens Moved: Volatility Is Near
Ripple’s XRP token is going through a stagnation phase without giving any clear signs of where it is headed next. The cross-border remittances token has been co
Investors can participate in NIIT Tech share buyback through these 2 strategies
Given, the stock to perform well going ahead owing to increase in the order inflows & strong growth outlook, arbitrage benefit of 15-20 percent can be achieved easily in one month as on closing price (Rs 1,473).
Stocks could trade 'drastically lower' on breakdown in trade between China and US, JPMorgan says
JPMorgan has turned cautious on equities after being bullish for months, according to an analyst noted published by Marko Kolanovic on Thursday....
Madras High Court notice to Franklin Templeton, SEBI
PIL filed against closure of 6 schemes
No decision taken on setting up bad bank: FinMin official
Last month, the government decided to put restriction on foreign direct investment (FDI) to clamp down on the investor from China to buy Indian companies cheap.
The 9 Best Cheap Stocks to Fill Up On Now
Due to the devastation of the coronavirus, cheap stocks are a dime a dozen. However, these nine ideas may offer significant upside.
Parents returning from maternity or adoptive leave will be included in coronavirus wage subsidy scheme
PARENTS returning to work from maternity or adoptive leave will be included in a government scheme to subsidise their wages during the Covid-19 crisis.
Kylie Jenner fumes over Forbes' fake billionaire claims: "What am I reading?"
The lip kit mogul responded to a damning article from Forbes that claimed she'd 'spun a web of lies' and 'forged' tax returns to make it look like she had more money than she has
Consumer discretionary stocks in the spotlight as U.S. economy reopens
A gradual lifting of lockdowns in some states has stirred hopes for a bounce back for the retailers that make up much of the sector
GDP data: Yet another huge knock for Modi govt's economic growth story
India's economic growth falls for a third successive year, fiscal deficit widens to 4.6%; agriculture and govt spending prevent further decline
Record-breaking spring sunshine boosts British strawberry crop
Tesco berry buyer Laura Mitchell said the good weather has resulted in ‘exceptionally good quality and sweet strawberries’.
June 2020 week one fuel price – RON 95 goes up to RM1.43, RON 97 to RM1.73, diesel up 10 sen to RM1.61
Another Friday, which means its time for the regular weekly fuel price update. Not so pleasant news yet again for motorists as fuel prices continue on an
Nordstrom, Inc. (NYSE:JWN) Shares Purchased by Swiss National Bank
Swiss National Bank lifted its holdings in Nordstrom, Inc. (NYSE:JWN) by 23.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 421,725 shares of the specialty retailer’s stock after purchasing an additional 79,800 shares during the quarter. Swiss National Bank’s holdings in Nordstrom […]
Oil surges 88% in May, posting its best month on record
WTI crude oil spiked 88% in May, notching its best monthly performance gain on record, according to data from Bloomberg. The surge in oil prices...
Seeks RBI intervention over interest rate cuts
Real estate developers body Credai has written to the RBI, saying that the banks have not adequately passed on the benefits of repo rate cuts to the NBFCs and housing finance companies (HFCs) and...
Inflation pushes sharply into negative territory
Consumer price inflation here fell by a dramatic 0.9pc in May according to a first estimate by European Statistics Agency Eurostat.
Giga-tronics Inc. (GIGA) CEO John Regazzi on Q4 2020 Results - Earnings Call Transcript
Giga-tronics Inc. (OTCQB:GIGA) Q4 2020 Earnings Conference Call May 28, 2020 4:30 P.M. ET Company Participants Traci Mitchell - Principal Accounting Officer and
APC accuses Bauchi State Govt of starving Assembly of funds
The All Progressives Congress (APC), has accused the Peoples Democratic Party(PDP)-led Bauchi State Government of starving the State House Assembly of funds thereby hindering its operations.
Lifetime community rating cited for rise in low cover health plan purchases
Research suggests many first time buyers bought cheap plans with limited benefits
Libraries to re-open, 'sneeze guards' at Bellingen council
Customer point of service 'sneeze guards' at service counters will be in place.
EOS completes acquisition of Audacy
Electro Optic Systems Holdings Ltd. of Australia completed its acquisition May 28 of Silicon Valley startup Audacy and announced plans to spend approximately $1.2 billion Australian dollars ($800 million) to create the EOSLink satellite communications constellation.
GDP growth slows to 3.1% in Q4; core sector output contracts 38.1% in April
India Business News: The gross domestic product or GDP data released on Friday showed that the economy slowed to 3.1 per cent in the January-March quarter, partly as a res
Safaricom Customers Can Now Read Digital Newspapers for KES 20
You can now read the digital version of newspapers in a convenient and welcome manner thanks to a new partnership between Safaricom and some media houses. The newspapers will cost you a promotional KES 20 (for the next two weeks) and will be consumed on your smartphone. Customers will pay for the service using their […]
Coronavirus company news summary – Sibanye-Stillwater reports outbreak – Axora launch smart mining platform – South Africa to lift restrictions on miners
29 May Sibanye-Stillwater has reported 51 positive Covid-19 cases at its Thembelani shaft located in Rustenburg. The company tested employees...Read More...
Urban co-operative banks seek guarantee cover for their MSME borrowers
UCBs' outstanding loans to MSMEs amount to Rs 82,000 crore
CULTIVATED: An inside look at Eaze — Cuts at Caliva — Dismal earnings for Canopy Growth
In this week's Cultivated, we take a close look at Eaze's financial projections, scoop cuts at Caliva, and more.
Jobs promise as Marston’s joins forces with Carlsberg
Jobs are likely to come to the West Midlands as it becomes the headquarters of a major new UK brewing operation.
House pushes back schedule to pass spending bills
The House is pushing back its June target date for passing 12 appropriations bills and is setting up July as a new deadline.House Majority Leader Steny Hoyer (D-Md.) signaled the change in a Friday
US cuts ties with World Health Organisation over coronavirus response
President Trump said the US would be ‘redirecting’ the money to ‘other worldwide and deserving urgent global public health needs’.
Be careful in dealing with material info disclosure to investors: Sebi warns TCS
The regulator has asked the IT major to provide adequate and timely information.
StockBeat: Smelling the Coffee in Times of Coronavirus
StockBeat: Smelling the Coffee in Times of Coronavirus
KP government asked to allow business activities 24/7
PESHAWAR: The business community in Khyber Pakhtunkhwa (KP) on Friday demanded an end to the ongoing coronavirus lockdown and asked for permission to resume businesses across the province 24/7.The
COVID-19: Planning For Major Projects At NZ’s Largest Industrial & Residential Development Underway
More than a fifth of the 170 hectares of commercial land available at the country’s largest industrial and residential development have now been sold as businesses look to establish large scale local operations in a post-COVID environment.
Federer tops list of world's highest-paid athletes
Roger Federer topped the 2020 Forbes magazine list of highest-paid global athletes announced, leading the lineup for the first time.
Students decry tuition hikes as COVID-19 pandemic increases financial strain
TORONTO - Some Canadian universities are raising tuition fees for the new school year much to the consternation of students, who argue their costs should be
Sebi concessions fail to lift IPO market, firms shelve listing plans
Investment bankers say many have shelved listing plans; appetite healthy for share sales in large listed firms
Endeavour Silver resumes operations at three Mexico mines
Canadian miner Endeavour Silver has resumed mining operations at its three underground silver-gold mines in Mexico.
Jurgen Klopp 'calls Kalidou Koulibaly' to lay out his plans ahead of transfer window
Koulibaly is said to have been receptive to Klopp's proposal over a potential switch to Anfield, while Newcastle are also interested in the Napoli defender
Indian Fintech U GRO Capital Partners Global Value Creation Partners to Offer Better Online Lending Services to SMEs
Indian Fintech U GRO Capital, an online lending platform for SMEs, has teamed up with Global Value Creation Partners (GVCP), in order to provide better financin
WATCH | Joburg hairdresser breaches lockdown regulations to make ends meet
A Johannesburg-based hairdresser has resorted to conducting business illegally after losing his income due to the nationwide lockdown that began on 26 March.
Furla to Open New Plant, Introduce New Store Concept
The Italian accessories company has been streamlining its distribution and raising its positioning.
Woman returned from Maharashtra denied entry into house in Karimnagar
The helpless woman sat in front of her house for help. This bizarre incident was taken place in Kisannagar of Karimnagar town on Friday.
Rand, stocks drop with focus on US response to China over Hong Kong
The rand treaded water for most the session and but saw some selling late on after the trade balance for April swung to a large deficit as exports tumbled.
London buses to resume front door boarding
The process will be phased back in at the weekend.
What The Pandemic Means For The Gender Wage Gap
What can be done to close the wage gap, and decrease the disparity between men and women’s retirement income? It comes back to offering women caregiving benefits and work flexibility.
Oil analysts see prices edging up but still capped below $40 a barrel: poll
The survey of 43 analysts forecast Brent crude would average $37.58 a barrel in 2020
PizzaExpress to launch pasta delivery service in hunt for revenues
Chain’s private equity owners consider survival options including restaurant closures and debt-for-equity swap
Household income surged in April despite the collapsing labor market
CARES Act benefits worked really well.
Citizens & Northern Corp Has $3.81 Million Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)
Citizens & Northern Corp increased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 4.2% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 1,952 shares of the e-commerce giant’s stock after purchasing an additional 79 shares during the quarter. Amazon.com makes up approximately 2.4% of Citizens & Northern Corp’s investment portfolio, making the stock its […]
Sebi imposes Rs 28 lakh fine on 14 individuals for fraudulent share trading
Sebi has levied Rs 28 lakh fine paid jointly or severally by 14 individuals.
Coronavirus carers left 'in limbo' as Italian region vetoes budget rise
MILAN (Reuters) - Authorities in Lombardy, the northern Italian region at the centre of one of Europe’s worst coronavirus outbreaks, have rebuffed requests to top up health service budgets to cover huge increases in services from homecare operators.
The Last Of Us Part 2 Is Going For $49 In Australia
The Last Of Us Part II has been a long time coming. Since 2016, the game's existence has been teased with tantalising footage and heart-pounding trailers. Now, it's finally here — and it's set to light the gaming world on fire. If you're looking at grabbing a copy, you'll want the best deal around. Here's who has...
Brazil sees record number of Covid-19 cases, more than 1,000 deaths in 24 hours
Brazil registered a new record in Covid-19 cases and more than 1,000 dead in a 24-hour period, according to official figures released on Thursday.
BoC: The most depleted stockpile of monetary policy ammo any modern governor has inherited – NBF
Warren Lovely and Taylor Schleich from the National Bank of Canada offer up some high-level commentary on how certain conditions evolved under Poloz’s
Court rules Bendigo Bank small business loans were 'unfair'
Federal Court finds Bendigo Bank breached unfair contracts provisions after ASIC probe, in a ruling that will apply to all lenders across Australia.
State could see $16 million in coronavirus costs through September, panel told
Health insurance claims for 47,000 state employees stemming from COVID-19 illness could cost the state more than $16 million through September depending on how extensively stay-at-home guidance and...
EUR/USD options market bias has flipped bullish, risk reversals show
On Thursday, EUR/USD one-month risk reversals (EUR1MRR) crossed above zero or flipped bullish to euro calls – the first positive reading since March 1
We must create more jobs, not give extra money to public servants
Public sector pay rises in the middle of a global pandemic do not benefit the 8 million people of NSW, many of whom are suffering right now.
Trump administration to study ways to protect for U.S. investors from Chinese firms
WASHINGTON (Reuters) - The Trump administration will study ways to safeguard Americans from the risks of investing in Chinese companies, U.S. president Donald Trump said on Friday, ratcheting up pressure on the firms to comply with U.S. accounting and disclosure rules.
Ringgit higher against US dollar on improved global sentiment
KUALA LUMPUR, May 29 — The ringgit ended the week slightly higher against the US dollar today on improved global sentiment despite lower oil prices, a dealer said. As at 6pm, the local note was quoted at 4.3450/3500 versus the greenback compared with yesterday’s close of 4.3540/3600. FXTM...
Renault announces 15,000 job cuts worldwide
The move is part of a two billion euro cost-cutting plan over three years.
US cuts ties with World Health Organisation over coronavirus response
President Trump said the US would be ‘redirecting’ the money to ‘other worldwide and deserving urgent global public health needs’.
Capital Iron building part of 6.7 acres bought by Reliance; store to keep operating
Reliance Properties, which was behind the transformation of the Janion building on Store Street, has picked up nearly seven acres of downtown Victoria, including the site of the Capital Iron . . .
Budget deficit hits $40b and still rising
The federal budget deficit had blown out to $40 billion by the end of April, as coronavirus emergency spending began to kick in and tax revenue was squeezed.
Deloitte's consulting arm said to warn of about 2,500 job cuts
There’s growing concern among some consultants who aren’t currently assigned to a project with a client that they’ll be first in line to lose their jobs, one of the people said.
'McLovin it': McDonald's to reopen East Kilbride drive-thrus next week
The fast food favourite will announce which Golden Arches branch is reopening only on the morning that service is resuming in order to manage demand.
Plans approved for student housing in St Andrews conservation area described as ‘outrageous’
A plan for student accommodation in the historic heart of St Andrews has been described as "outrageous".
COVID-19 impact | Blackberrys to align physical stores with digital capabilities
Premium menswear brand Blackberrys is gearing up to restart its business after the COVID-19-led disruption.
Multi-use trail touted for E&N line
Developing a multi-use trail along the length of the old E&N corridor would benefit cycling commuters, boost tourism and small business and cost far less than reviving a defunct rail service, . . .
The close: TSX ends lower, crude has best month on record
U.S. stocks finish mostly higher as investors take in latest Trump news
Traditional owners consider billion-dollar shot at Fortescue
Andrew Forrest's Fortescue Metals Group faces huge compensation claim after High Court rebuff.
Sanitation and cleanliness on top of new age mobility firms' agenda
Firms that provide urban commuting warm up to new realities as lockdown relaxes
HC declines to stay VACB probe
50 acres of farmland purchase by Jacob Thomas in Tamil Nadu
Charter Communications' EBITDA Margin Should Continue To Expand In 2020
Charter Communications is the second largest cable operator in the United States. The company should be able to continue to grow its cable Internet business tha
Costco to bring back free samples – but it’s not going to be like it was
Don’t expect it to be the same free-food free-for-all you were used to, Costco shoppers. After temporarily discontinuing the practice in early March, Costco is planning to once again offer free
Why The S&P 500 Rebounded And Why It (Maybe) Makes Sense
True corporate profits have stagnated since 2012, clouded by lower tax rates, and share buybacks. Lower interest rates are not a justification for higher valuat
Yoruba Ko’ya gets Certificate of Incorporation in the UK
A Yoruba socio-cultural group, Yoruba Ko'ya Leadership and Training Foundation, has been officially incorporated in the United Kingdom, UK.
Hidden Cost of Mass Layoffs: Why Job Cuts Won’t Solve States’ Budget Crisis
States and cities are slashing jobs in the face of huge deficits. But making the budget math work isn’t quite so simple.
Ross Stores: The Valuation Appears Frothy
ROST quarterly revenue fell over 50% due to knock-on effects of the pandemic. Its cash flow fell hard and could remain challenged until all of its stores are re
Renault to restructure factories, confirms 15,000 job cuts
News News: PARIS: Carmaker Renault said on Friday it was launching talks with unions to restructure some French plants and potentially close others as it confirm.
Pier 1's 'awful day' arrives with judge approving liquidation
The end is near for Pier 1 Imports Inc.
Travel industry using cleanliness, celebs to woo customers
NEW YORK/LONDON/BEIJING – Lysol is starring with celebrities and rock-bottom prices in the US$8 trillion (S$11.3t) global travel industry’s pitch to get people back on the road and in the air. What was scrubbed from view now leads marketing campaigns as cleanliness is...
Expat wonders why they don’t get “thanked” with S$100 utilities credits
Expat wonders why they don’t get “thanked” with S$100 utilities credits
The London flat a raffle firm is STILL struggling to give away: East End property will now come with a £30k Land Rover - but ticket sales are still way off target
A property raffle has added a £30,000 car to its original prize pot of a £500,000 London flat in a bid to tempt more customers to purchase tickets.
SoftBank Vision Fund head's pay doubled last year despite massive losses
SoftBank Vision Fund's head, Rajeev Misra, saw his total pay for the past business year more than double to roughly $15 million, even as the fund's under-performance pushed SoftBank to a record operating loss of some $13 billion.
Road User Charges from 1 July 2020 - NZ Post
The Government has recently announced changes to the Road User Charges (RUC), which will take effect from 1 July 2020. See the Ministry of Transport website for more information.
Single quarters to make way for development
THE Keetmanshoop Town Council is planning to demolish the single quarters area containing 16 housing units.
Uber introduces $50 Hourly rate option
May 29 (UPI) -- Uber launched a new feature called Hourly that allows riders to book trips by the hour and add destinations within that time frame as needed, the company announced Friday.
Covid-19 lockdowns stimulate condom demand
Worldwide annual production of condoms is said to be approximately 25 billion. The world's largest manufacturer is Karex Berhad, which was founded in Malaysia in 1988. The condoms it produces are marketed under a variety of brand names in dozens of countries. Due to the Covid-19 pandemic, Karex temporarily halted…
Government mulls further measures for NBFCs, markets: Report
At a meeting chaired by FM Sitharaman, RBI officials raised concerns over liquidity challenges being faced by NBFCs and various state and micro finances.
Instacart’s tip-baiting system is short-changing shoppers, senators say
Congress wants regulators to get involved.
Epstein Victims to Get Money Under Deal With Virgin Islands
Women who accused Jeffrey Epstein of sexually assaulting them as girls can now be compensated after his estate, valued in one filing at more than $600 million, struck a deal with the U.S. Virgin Islands.
Govt, scientists working to produce COVID-19 test reagents locally
As the demand for screening and testing increased, Health Minister Dr Zweli Mkhize earlier this week warned of a looming testing kit shortage.
Investors could look at top-rated company FDs as options shrink
The highest interest rate offered by SBI is 5.4 per cent after the 40-basis point cut.
Ken Talbot's widow seeks $45m in damages over will
Amanda Talbot, widow of the late Queensland mining magnate, is suing lawyers over the handling of his estate, claiming it has cost her "hundreds of millions of dollars".
OPEC delivers three quarters of record oil cut in May: survey
OPEC oil output hit the lowest in two decades in May as Saudi Arabia and other members started to deliver a record supply cut, a Reuters survey ...
VVIP choppers case: ED attaches Rs 385 crore asset of middleman Rajiv Saxena
The ED had contended before the HC that Saxena withheld information very strategically and has not disclosed full and true facts which were within his knowledge, relating to the commission of the offence. The matter is expected to be heard next on June 3.
Wreath laying ceremony to remember dead IRA man
The family of an IRA man killed almost 40 years ago will lay a wreath in his memory this weekend.
Virtual marketplace helps firms sell wares online
Businesses adapting to lockdown can now sell their products directly to customers online through a virtual marketplace.
Lockdown Brings Tears of Joy to Indian Woman Who Reunites with Husband After 20 Years - Video
New Delhi (Sputnik): The lockdown in India imposed to mitigate the spread of COVID-19 has brought untold misery to hundreds of thousands of poor daily wage earners....
New self-employment grant and furlough details: What does it all mean?
Businesses will need to start contributing to furloughed wages and the self-employed can apply for a new grant from August.
TJ Maxx, Marshalls, HomeGoods to reopen all stores in next month
TJX Companies temporarily closed its 4,400 locations on March 19 and began to reopen them on May 2.
Challenges awaiting private schools after reopening
Whenever the Federal Government reopens schools for physical classes, some challenges are bound to confront private schools...
Renault Cutting Nearly 15,000 Jobs Worldwide to Save Costs
Renault announced it will be cutting 14,600 jobs around the world in a bid to save costs during the pandemic.
Cate Blanchett Is Leading The Borderlands Movie
One of Australia's leading actresses, Cate Blanchett, has officially jumped on board with the next game-to-movie adaption: Borderlands....
Lupin Q4 results: Net profit rises 35% to Rs 390 crore
Consolidated income from operations of the company stood at Rs 3,791 crore for the quarter under consideration as against Rs 3,807.02 crore for the same period year ago.
Arsenal face possible setback in pursuit of unsettled Barca star
Arsenal aren’t willing to meet Barcelona’s demands for Philippe Coutinho despite their interest in the player, according to reports.
Liquor not a fundamental right, Delhi government
Trade or consumption of liquor is not a fundamental right and the state has the authority to regulate its sale, the AAP government has told the Delhi High Court maintaining its levying 70% ‘special corona fees’ on MRP of all alcohol brands is a price for grant of such privilege to the public.
Forbes Strips Kylie Jenner of Billionaire Status for Inflating Size of Her Business
Forbes named Kylie Jenner a billionaire last year making her the younger entrepreneur with that distinction, however, the financial publication has...
Digging Deep For Our Farmers In Drought
Our rural community need our help as they battle one of the worst droughts in living memory.
Virat Kohli only cricketer to feature in Forbes highest-paid athletes 2020 list
Virat Kohli took up the 66th position in the list of Top 100 richest sportspersons in 2020.
NZ's largest furniture retailer to open, 180 jobs created
New Zealand's largest furniture and homewares retailer Nido will open its doors to the public tomorrow. The new $60m, 27,000 sq m store in West...
India quarterly growth worst in two decades as lockdown bites
MUMBAI, May 29 — India’s economy grew at its slowest pace in at least two decades last quarter, government data showed today, with warnings of far worse to come as it grapples with the fallout of the world’s largest coronavirus lockdown. Asia’s third-largest economy expanded by just 3.1 per...
Ifac advises Tipperary farmers about new TAMS 11 closing date
Ifac, the farming, food, and agribusiness professional services firm, is reminding Tipperary farmers that the Department of Agriculture has made a number of extensions to the Targeted Agricultural Mod...
Supreme Court rejects challenge to limits on church services
WASHINGTON (AP) — A divided Supreme Court on Friday rejected an emergency appeal by a California church that challenged state limits on attendance at worship services that have been imposed...
Seplat targets more acquisitions as shareholders get $59m dividends
Seplat Petroleum Development Company Plc remains a resilient business with strong balance sheet to acquire more oil and gas assets and ensure sustainable...
Donald Trump axes all funding to WHO after claiming 'China has total control'
President Trump permanently suspended US funding to the World Health Organization after accusing it of a coronavirus cover-up with China
US: Annual core PCE Price Index dropped to 1% in April
The Personal Consumption Expenditures (PCE) Price Index declined to -0.5% on a monthly basis in April from -0.2%, the US Bureau of Economic Analysis r
Grand Canyon to fully open South Rim in June; North Rim to open
The Grand Canyon is expanding access to its more popular South Rim entrance and planning to let visitors in around the clock next month after it shuttered temporarily over coronavirus concerns.
US Centers for Disease Control and Prevention suggests sweeping changes to offices
If followed, the guidelines would lead to a far-reaching remaking of the corporate work experience. They even upend years of advice on commuting, urging people to drive to work by themselves, instead of taking mass transportation or carpooling, to avoid potential exposure to the virus.
Rupee rises 11 paise to 75.65 against US dollar in early trade
The rupee opened at 75.71 at the interbank forex market and then gained further to 75.65, up 11 paise over its last close.
Rising US job losses stoke fears of lasting economic damage amid pandemic
The numbers are extraordinarily high by historical standards, economists have warned.
London buses to resume front door boarding
The process will be phased back in at the weekend.
Streetwise newsletter: Best reads of the week
Here are the top reads on deals and financial services over the last week
IMF Approves $732 Million to Help Bangladesh Address Effects of Coronavirus Measures on Economy
WASHINGTON (Sputnik) - The International Monetary Fund (IMF) said in a statement that it has approved a $732 million funding to help Bangladesh overcome the impact of...
Bitcoin Risks a Free-Fall to $7,000 Despite Strong Fundamentals, Analysts Warn
Fundamental strength may not be enough to stop Bitcoin from seeing a decline into the $7,000 region – according to one prominent trader.
Lagos BRT increases fares by 50%
Samson Folarin Due to the impact of the COVID-19 pandemic, Primero Transport Services Limited, operators of the Bus Rapid Transport, have said fares will increase by about 50 per cent. The compan...
Debt relief plans for world's poor countries inch forward
Plans for debt relief for the world's poorest countries inched forward on Thursday as private creditors laid out a blueprint for their involvement, though it received immediate criticism for not going far enough.
Volkswagen looking to buy 50% of JAC's parent company
The deal between Volkswagen and Anhui Jianghuai Automobile Group will result in a 50% ownership for each company
GBP/USD Forecast: "Breakout above $1.2360 Would Open a Test of Resistance at $1.2465"
The GBP/USD exchange rate is quoted at 1.2309 ahead of the weekend, with analyst and technical forecaster Richard Perry of Hantec Markets saying the pair is looking increasingly constructive, even if only because of Dollar weakness
Wipro shares jump 7 per cent on new CEO appointment
Shares of Wipro on Friday closed nearly 7 per cent higher after the company announced the appointment of Capgemini Group veteran Thierry Delaporte as its CEO and MD, effective July 6.
In rescue effort, Fed has broad stake in corporate America's fortunes
In rescue effort, Fed has broad stake in corporate America's fortunes
Starling Scores $49 million From Its Investors
Starling, a United Kingdom-based digital bank, has raised $49 million in a funding round led by its investors Merian Chrysalis Investment Co. and Harald McPike.
Bus owners, drivers want curfew time lifted
Kampala, Uganda | THE INDEPENDENT | Bus owners and drivers have asked government to lift curfew times for buses and also allow buses ply border districts through a standard operating procedure. The bus drivers and owners were today appearing before the National Economy of Parliament which is scrutinizing the effect of the coronavirus (COVID-19) pandemic …
Managed money betting on big crops
A fast start to the planting season and a lackluster export market have prices for row crops trading mostly sideways over the last month and weaker since the beginning of the year.
Group faults removal of Mohammed as TCN MD
Nigerian Power Consumers Forum (NPCF) has faulted the removal of Mr Usman Gur Mohammed as the Managing Director, Transmis
SoftBank Vision Fund CEO Gets 113% Pay Raise Despite Massive Losses
The Vision Fund chief saw his salary more than double despite historic losses at the Japanese tech group.
Small Businesses Can Bypass Complicated GAAP Rules For Crypto Accounting
Small businesses can follow tax basis accounting for crypto and avoid cumbersome GAAP rules
City Power warns of possible load rotation
On Thursday, Johannesburg's City Power announced that they may need to impose daily “load rotation” in some areas where electricity infrastructure is overloaded.
Crisis-hit Wall Street checks in to Zandi's 'impairment studio'
NEW YORK (Reuters) - When Wall Street doesn’t know where the world economy is heading, it books a session at Mark Zandi’s “impairment studio”.
USD/CAD holds steady, up little around 1.3770 amid weaker oil prices
The USD/CAD pair edged higher on Friday, albeit lacked any strong follow-through and remained confined in a three-day-old trading range. A sharp fall
No need to feel threatened by e-commerce firms: Goyal tells traders
Lockdown 5.0: Union Commerce Minister also stated the Aatmanirbhar Bharat package that provided credit guarantee worth Rs 3 lakh crore for MSMEs also included traders
PAC queries UGX 573m payment of vehicle for Internal Affairs Minister
Kampala, Uganda | THE INDEPENDENT | Members of Parliament on the Public Accounts Committee- PAC central government are investigating an advance payment of the official vehicle for the Minister of Internal Affairs. The committee chaired by Budadiri West MP Nathan Nandala Mafabi was on Friday meeting officials from Ministry of Internal Affairs led by the …
Marathon Oil: A Strong Balance Might Not Be Enough
Marathon Oil reported an adjusted loss of $0.16/share for Q1-2020 and with declining production and oil prices of less than $40/bbl, it might report more losses
Alphonso mango farmers shun middlemen; relish sweet taste of self-reliance
Despite the lockdown, this year, mango farmers in the Konkan region of Maharashtra reaped handsome gains. Breaking from the past practice of selling their produce to middlemen, they sold their produce
Bursa Malaysia slightly lower in early trade
KUALA LUMPUR, May 29 ― Bursa Malaysia retreated from yesterday's gains to open slightly lower this morning dampened by selling in the index-linked counters amid mixed market sentiment. At 9.05am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) eased 6.09 points to 1,451.41 from yesterday’s...
Newcastle reveal they have almost doubled profits in last 12 months and Mike Ashley paid for Sports Direct advertising
The latest Newcastle United club have accounts have been published
Blast furnace workers produce hot metal amid pandemic
Even in the difficult times of the Covid-19 epidemic, there has been no let down in the spirit & enthusiasm of BSL blast furnace personnel. This team, which plays an important role in making hot metal in the steel production process is still playing crucial role in production by taking care of
Coronavirus crisis could fuel the rise of terrorist organisations in Asia and Africa
In the face of rising unemployment and food scarcity, these groups may step in to fill the void left by governments.
School sets up virtual class to help SMEs - Selwyn College
Selwyn College, a well known Auckland school and a stronghold in community education, is helping small business owners with its new online education offering.
Bulgaria’s Business Proposes a Package of 54 additional Anti-crisis Measures
Bulgaria’s business and syndicates are proposing a package of 54 additional anti-crisis measures to this country’s cabinet.
Canada's vulnerable to money laundering on par with similar countries: expert
VANCOUVER — A senior police officer from the United Kingdom with expertise in money laundering says "underground banking" linked to China has become a significant threat in the U.K. and he believes Canada shares some of the same vulnerabilities.
Costco to bring back free samples next month – but it's not going to be like it was
"It's not going to be where you go and just pick up an open sample with your fingers," said Costco's CFO.
Forbes says Kylie Jenner is no longer a billionaire, claims she FORGED tax returns
Forbes says Kylie Jenner is not a billionaire - after originally naming her the youngest billionaire ever - claims she fabricated financial documents to support the false claim. On Friday, Forbes called out Kylie Jenner and
Sensex rises 224 points, Nifty ends above 9,500-mark lead by pharma, FMCG stocks
The S&P BSE Sensex rose 223.51 points (0.69 per cent) to settle at 32,424.10, while the Nifty 50 ended at 9,580.30, up 90.20 points (0.95 per cent).
Cash-strapped hotel workers "having to use foodbanks"
Staff lose out after a mix-up excludes them from HMRC furlough scheme
Coronavirus: What does it mean if I've been furloughed by work?
Millions unable to do their job due to coronavirus will have their wages paid by a new scheme.
Fighting Covid-19 and building the future Human Resource Capital
Companies must use the pandemic to prepare for a post Covid-19 world
Volkswagen says next-gen Amarok will be 'adapted' from new Ford Ranger
Volkswagen says it will create the second-generation Amarok by “adapting” Ford’s upcoming new Ranger bakkie.
Google Withdraws Offers To More Than 2,000 Contract Workers
More than 2,000 people who had signed employment agreements with Google as temp and contract workers have had their offers rescinded.
Travel disruptions, cost cutting key issues for U.S. business in China: report
BEIJING (Reuters) - Global travel disruptions are the top concern for American businesses in China, of which many are cutting compensation and bonuses amid the fallout of the COVID-19 epidemic, according to a report from a business group.
Fertilizer supplies, prices remain low and stable amid coronavirus concerns
If your soil test levels are low, low fertilizer prices provide a good opportunity to rebuild phosphorus (P) and potassium (K) levels.
Volkswagen Pumps $2.2 Billion Into China EV Operations, Expands Cooperation With Ford
Earlier this month, Volkswagen announced it was rethinking its plan to use its SEAT brand to spearhead its electric vehicle efforts in China. It wasn't exactly clear at that time what the company's Plan B was. Certainly it was not abandoning its China plans, was it? This week, that question has been answered. The company
Dundalk Shoppers: New 'Traffic Light' queue system to be rolled out at Lidl stores
Lidl Ireland are introducing a new Covid-19 queue management system designed to control the number of customers entering and exiting the store at any one time, in order to maintain social distanc...
Laurentian Bank slashes dividend by 40 per cent as profits tumble
Decision to cut payout is the first by a Canadian bank in nearly 30 years
Williams set to sell Formula One team
Williams is considering a sale of its once-dominant but now struggling Formula One team as part of a new strategic direction.
UK property firm Rightmove sees record website views as market picks up
UK property firm Rightmove sees record website views as market picks up
Apex court to hear Mistry’s plea for seat on Tata Sons board
The Supreme Court on Friday agreed to hear ousted Tata Group Chairman Cyrus Mistry’s petition seeking a “proportionate” representation for Shapoorji Pallonji Group (SP Group) on Tata Sons board.The SP
Gold: Making Its Seasonal Top
We are trading gold now as a currency against the US dollar. The current crisis has burst the bubble of the Keynesian idea of supplying stimulus to the market t
German airline Lufthansa to double flights to Athens from Frankfurt and Munich
Lufthansa Group said that the extension of its June timetable responds to the growing interest of customers in air travel as Covid-19 travel restrictions are
Explainer: How important is Hong Kong to China as a free finance hub?
HONG KONG (Reuters) - Bankers and investors fear China’s push to impose national security laws on Hong Kong threaten the city’s future as an international financial centre. If it gets to that stage, Beijing’s move will come at a cost for China’s economy.
Nick Offerman is Selling Comedy Specials Online to Benefit America’s Food Fund
Nick Offerman comedy specials are being put up for sale online by the actor/comedian, with proceeds set to benefit America's Food Fund.
Indian banks' asset quality pressure may last for at least 2 years: Fitch
Fitch estimates that the impact on impaired loan ratios could be anywhere between 200 to 600 basis points depending on the severity of stress and banks' individual risk exposures.
Credit guarantee scheme: No immediate 100% payments to banks if MSMEs default
On the face of it, the guarantee scheme is a great deal for banks as there is no risk of losing money. But in reality, it is going to be a tough task for banks to get the full guaranteed amount from the guarantee corporation
Sensex, Nifty stuck in coronavirus storm; should investors expect profit in 2020?
It seems investors are sitting on boundaries in a wait-and-watch mode and traders are reaping gains from the volatility cycle in which the benchmark indices are stuck.
Economy needs support from PSBs: Union Bank chief
Speaking at a webinar session organised by the BCCI, Rai said that there will be a shift of credit growth in favour of the PSBs, adding that depositors will expect an interest rate of 5.5 per cent.
India GDP growth slows to 3.1% in Q4, stands at 11-year low of 4.2% in FY20
The second Advance Estimates, released on February 28, had projected the FY20 growth rate at 5 per cent
Salesforce Stock Still a Buy as Its Software Gains Influence
Salesforce stock took a tumble after Q1 earnings, but ditching CRM stock now would be rather shortsighted.
Coronavirus: FAO seeks $350 million to fight hunger
The FAO said some 820 million people around the world are experiencing chronic hunger – not eating enough caloric energy, to live normal lives.
Vodafone-Idea share price jumps 15%, Google mulls 5% stake buy in cash-strapped telco
Struggling telecommunications firm Vodafone-Idea saw its share price jump 15% in the initial few minutes of trade on Friday as investors reacted to the news of internet giant Google considering a 5% equity stake buy in the company.
Oil rises about 2% as higher US refinery rates offsets surprise crude build
US crude inventories rose 7.9 million barrels last week, exceeding expectations, due to a big increase in imports from Saudi Arabia, the Energy Information Administration (EIA) says
Home in on that house
If you thought the 2% cut in stamp duty was a good thing, wait a while.
TJ Maxx, Marshalls, HomeGoods to reopen all stores in next month
TJX Companies temporarily closed its 4,400 locations on March 19 and began to reopen them on May 2.
MWSS says consumers in Metro can pay water bills in staggered amounts
To avoid bill shock, the Metropolitan Waterworks and Sewerage System says the public can settle their accounts 'in drops'
Gov't intervention after Fairmont Norfolk fired all employees
Prestigious hotel closed indefinitely
Ex-Bellamy's boss Laura McBain joins board of boutique brand Lark
From baby formula to fine foods and now whisky, she has reconnected to Tasmania, as well as wealthy Hong Kong investors.
People shielding from coronavirus ‘feel left behind’ as lockdown measures ease
Charities are concerned about the impact an indefinite isolation will have on the more than two million people shielding in the UK.
UK helps employers with slow phase-in of job shield costs
British finance minister Rishi Sunak offered fresh help to employers hammered by the coronavirus shutdown on Friday in the form of a gradual phase-in of contributions from them to the government's costly wage subsidy scheme. The government has been paying 80% of the wages of some 8.4 million workers since…
Delta Stock Could Lead an Airline Rally
DAL stock could be one of the stars of an airline resurgence, but it's still a long-term play because the industry needs time to rebound.
Commerce Bank Buys 1,732 Shares of CarMax, Inc (NYSE:KMX)
Commerce Bank increased its stake in shares of CarMax, Inc (NYSE:KMX) by 34.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 6,757 shares of the company’s stock after purchasing an additional 1,732 shares during the quarter. Commerce Bank’s holdings in CarMax were worth $363,000 […]
The Govt Just Axed Its Fucked Robodebt Scheme & Is Now Refunding A Casual $721 Million
The Australian Federal Government has today announced that they will refund the $721 million worth of funds recouped by the robodebt scheme.
Ukraine expecting $5 billion IMF loan approval and initial payout next week: PM
Ukraine expecting $5 billion IMF loan approval and initial payout next week: PM
AI Startup Accern Secures $13 Million Through Series A Funding Round
Accern, a U.S.-based artificial Intelligence (AI) start-up, announced on Thursday it secured $13 million through its Series A funding round, which was led by Fu
National Backs Businesses With $10k JobStart
National will provide a $10,000 cash payment to businesses that hire additional staff as part of our commitment to keeping New Zealanders in jobs, National Party Leader Todd Muller and Finance spokesperson Paul Goldsmith have announced.
Chloe Ferry reveals plans for at-home bar and cinema as she extends plush North Tyneside house
Geordie Shore star Chloe Ferry is extending her North Tyneside home to house a bar and cinema
Random: Could This Be The Most Pointless Switch Accessory Yet?
CyberGadget's latest is a solution in search of a problem
Pound-to-Australian Dollar Rate Won't be Spared by China's Moves against Australia Or USD/CNH
The Pound vs Australian Dollar: Latest GBP/AUD Forecasts, News and Analysis
Access Bank plans more loans for health care - The Nation Nigeria
Access Bank Plc is set to disburse loans through the Central Bank of Nigeria (CBN) credit support scheme to boost the pharmaceutical and healthcare...
Conor McGregor lands at No. 16 on Forbes’ highest-paid athletes list for 2020
Conor McGregor is yet again considered one of the highest paid athletes in the world for 2020 according to Forbes.
India's GDP growth dips to 3.1 per cent in January-March 2020; 4.2 per cent for fiscal year 2019-20
According to data by NSO, the GDP had expanded by 5.7 per cent in the corresponding quarter of 2018-19.
Developers vow to keep building skyscrapers, even as tech firms ditch their offices
Construction projects in Toronto and Vancouver continue as companies embrace working from home
Six districts in UE restricted from fertilizer distribution this year
Six districts in the Upper East Region have been restrained from dealing with sales and distribution of subsidized fertilizer to farmers due to incessant reported cases of smuggling.
India, US could strike a ‘smaller’ trade deal in the coming weeks: Indian envoy
According to India's ambassador Taranjit Singh Sandhu, India and the US could strike a smaller trade deal in the coming weeks
GetSwift: A Smart Bet On The Post-Corona Delivery Revolution
GetSwift’s Growth Has Accelerated After Coronavirus Led to More Deliveries and Delivery Model Becomes Widespread Post-Coronavirus. Restaurants Prefer Controllin
Barcelona’s biggest transfer of this summer falls in place
Barcelona target, Lautaro Martinez, will not be sold says Inter director. Inter Milan's Sporting Director has no intention of letting their most important ...
Stocks - Dow Notches Two-Month Winning Streak as Trump Stops Short on China
Stocks - Dow Notches Two-Month Winning Streak as Trump Stops Short on China
MAN UNITED: Shanghai Shenhua softens stance on possible Ighalo loan extension
Manchester United have been handed in a boost in their bid to extend Odion Ighalo's loan deal at the club, with Shanghai Shenhua
Newmark Capital tipped as buyer of $120m David Jones store
Melbourne-based Newmark Capital has started the ball rolling in post COVID-19 retail property deals.
CWB Financial reports Q2 profit down as provisions for credit losses soar
EDMONTON — CWB Financial Group reported its second-quarter profit fell compared with a year ago as the economy tanked due to the steps taken to slow the COVID-19 pandemic and its provisions for credit losses more than doubled.
Stick or twist? Investors face coronavirus-induced property dilemma
LONDON (Reuters) - The coronavirus pandemic has emptied offices and shuttered shops but filled warehouses and highlighted demand for work-from-home spaces, leaving investors wondering if they should flee real estate or double down on their bets.
Burger King in Pride Park opens for drive-thru customers
A limited menu is on offer
Madras High Court issues notices to Franklin Templeton Mutual Fund, SEBI: Investors group
Notices have been issued to crisis-hit Franklin Templeton Mutual Fund and Sebi by the Madras High Court after a petition was filed by an investors group to safeguard nearly Rs 28,000 crore of investors' money stuck in six schemes shut down by the fund house, according to a statement
SBA Data Show At Least $20B Of PPP Loans Have Been Canceled
A minimum of $20 billion in PPP loans have been canceled — many by small businesses afraid they can't spend it in ways that will qualify for forgiveness.
Energy Transfer: Showing The Strength Of The Midstream Model
Energy Transfer saw its results impacted by the coronavirus outbreak but they overall held up okay. The company has a reasonably strong customer base that shoul
Firms must pay 20 per cent of wages for furloughed staff from August, Rishi Sunak will say today as he starts to wind down massive bailout despite fears of a wave of redundancies
Chancellor Rishi Sunak will declare that businesses should start taking some of the burden despite fears of a wave of redundancies.
Puregold’s profit climbed 16.8% to P1.76b in Q1
Supermarket chain operator Puregold Price Club Inc. said Friday consolidated net income increased by 16.8 percent in the first quarter to P1.76 billion from P1.51 billion in the same period last year as the coronavirus pandemic boosted demand for essential goods.
Employer must submit paperwork before woman can get unemployment benefits
Some workers who filed unemployment claims are waiting on their employers to fill out necessary paperwork before they can get benefits.
Crushing It: Splunk's Strong Fundamentals Drive Stock Higher
Splunk is a leader in Big Data/SIEM and is transitioning to a recurring revenue business model. The recent pandemic-driven acceleration from a perpetual license
Resilient Square Stock Will Defeat the Bears
SQ stock is perfectly positioned to capitalize on the emerging trends of the 21st century economy, but bears are still grumbling.
Cryptocurrency Exchange & Custodian Gemini Announces New Partnership With Samsung
Gemini Trust Company, LLC (Gemini), a cryptocurrency exchange and custodian, announced on Thursday it is collaborating with Samsung Electronics to power the Sam
Renault poised to announce 15,000 layoffs worldwide
The overall cuts would affect just under 10% of Renault's 180,000 global workforce. The firm has around 48,500 staff in France.
Covid-19 impact: India GDP growth slows to 3.1% in March quarter
Growth was 4.2% in the fiscal year through March 2020 as compared to 6.1% in FY19.The full impact of the lockdown on manufacturing and services will become more visible in the June quarter
Netizens weigh in on jobs for foreign workers and locals
Netizens weigh in on jobs for foreign workers and locals
Traditional owners score big win over Fortescue
Andrew Forrest's Fortescue Metals Group faces huge compensation claim after High Court rebuff.
Party City News: Why PRTY Stock Is Surging 29% Today
Party City (PRTY) is seeing massive gains to PRTY stock Friday following news of a Transaction Support Agreement with bondholders.
Watch live: New York Gov. Andrew Cuomo holds a press conference on the coronavirus outbreak
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Musicians say breakdown with MSO management 'irreparable'
Players called for the organisation's chairman and managing director to resign in an increasingly public dispute.
CBS News President Susan Zirinsky Says Corporate Execs Have Discussed Pay Cut
The company, which underwent layoffs this week, has not yet docked executive pay, which has "upset" some network staffers.
Ottawa’s increase to the expected cost of emergency relief program indicates more workers will remain unemployed
The delayed launch of the wage subsidy program, combined with restrictions and complexities in the application criteria, contributed to employers’ reluctance to make use of the initiative
Slaughterhouses reopen but farmers still euthanizing pigs
Meatpacking plants that had to briefly close due to coronavirus outbreaks have been back up and running for weeks, but production backlogs are forcing farmers to euthanize thousands of hogs that can't
Tan Chong takes 15.8pc stake in Warisan TC’s vehicle auction services unit
KUALA LUMPUR, May 29 — Vehicle assembler and distributor Tan Chong Motor Holdings Bhd (TCMH) is subscribing to new shares representing 15.79 per cent equity interest in its sister company Warisan TC Holdings Bhd’s subsidiary, MUV Marketplace Sdn Bhd (MUVM), for RM15 million. Warisan and MUVM,...
Wipro Shares Gain Over 2% On Appointment Of New CEO And Managing Director
Wipro shares gained more than 2 per cent on the BSE on the appointment of Capgemini executive Thierry Delaporte as new CEO and managing director.
Writing Puts For Income With Downside Protection
Readers of my prior articles know I like writing Put options to generate income. This has enhanced my return on the cash I want in some accounts. Some option tr
ED attaches Rs 385-cr asset of VVIP choppers case middleman Rajiv Saxena
It said the value of the properties attached is USD 50.90 million (Rs 385.44 crore) and a provisional order under the Prevention of Money Laundering Act (PMLA) has been issued.
Starling Bank raises £40 million as SME banking business picks up
Starling bank has raised a further £40 million from existing investors JTC and Merian Chrysalis Investment Company, bringing the total raised this year to £100 million.
EE’s 5G service reaches 80 locations on first anniversary since launch
The firm said 5G customers are mostly using it to watch more video, with YouTube the most popular app.
IMF warns stock investors to pay more attention to climate risks
Investors worldwide are underestimating the financial risks from climate change, and companies need to start disclosing their exposure, according to the International Monetary Fund.
Forbes Magazine Has Revoked Kylie Jenner’s Billionaire Status And Accused Her Of Lying
She's only worth a paltry $900 million.
Uber-Grubhub deal hinges on breakup fee after narrowing price gap
Uber Technologies Inc. and Grubhub Inc. are haggling over a breakup fee after nearing an agreement on a merger price, according to people familiar with the matter.
The Gold/Silver Ratio Begins To Trend Lower
The Gold/Silver ratio reached a new record high in March when silver tanked. The ratio has now dropped below the 100 level as silver continues to recover. Silve
OnePlus no longer working with McLaren to make phones
OnePlus is no longer working with the sportscar brand McLaren to make orange high-end smartphones.
Formula One: Williams considering selling team after suffering over $15 million in losses
After posting a £12.9 million profit in 2018, Williams have responded to the blow by seeking new investment.
No temporary increase in weekly asylum payment during pandemic
Request for €20 rise during crisis from 40 organisations is rejected
Apple deals on AirPods, iPhone, MacBooks still running with Memorial Day prices
We've rounded up the best Apple Memorial Day sales on AirPods, iPhone, MacBooks, Apple Watch, and more.
Euro Outshines Pound Sterling and Dollar as Investors Cheer EU Progress on Coronabonds
A fundamental shift in sentiment for the better towards the European Union has been reflected in a steady demand for euros over the course of the past two days, ensuring the single currency's outlook against peers such as the British Pound and U.S. Dollar has improved markedly
Eurozone inflation slumps to 0.1pc in May
BRUSSELS, May 29 — Inflation in the eurozone single currency area dropped to 0.1 per cent in May from 0.3 per cent in April, the official Eurostat agency said today. The drop in prices comes as Europe entered its sharpest recession in EU history because of the lockdowns brought on by the Covid-19...
Google mulling stake in VIL positive but inadequate to solve telcos' debt woes: Analysts
Acquisition of a controlling stake by an outsider or a sizable equity infusion by current promoters remains the need of the hour, Credit Suisse said in its latest note.
When are the Eurozone Preliminary CPIs and how could they affect EUR/USD?
Eurostat will publish the first estimate of Eurozone inflation figures for May at 0900 GMT this Friday. The headline CPI is anticipated to come in sof
As Jobs Vanish, Salaried Workers Become Gig Economy 'Partners' With Swiggy, Zomato And Amazon
With a recession on the horizon, workers are turning to the one sector that appears to pandemic proof: home delivery.
Stocks - Europe Lower; Caution Reigns Over Hong Kong
Stocks - Europe Lower; Caution Reigns Over Hong Kong
Wall Street Breakfast: U.S.-China Tension Ratchets Up
Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha, iTunes, Stitcher and Spotify (click the highlighted
BookMyShow cost-cutting to hit 270 employees
Members of the workforce who have been put on furlough will continue to remain employed with the company and will be eligible for all medical insurance, gratuity and other benefits.
Insider Shares What Patrick Mahomes’ Contract Extension Could Look Like
After one of the best three-year stretches to start an NFL career, Chiefs QB Patrick Mahomes is ready for a new contract.
Fortescue and Andrew Forrest lose High Court appeal over exclusive native title of WA’s Yindjibarndi people
Australian mining giant Fortescue Metals Group (FMG) has lost its High Court bid to appeal against a native title determination that covers one of its
The release of private motorists breathes life into the fuel industry
Fuel station proprietors countrywide have got smiles on their faces following the resumption of private cars on the road.
Afterpay says it 'rejects' the notion of performing credit checks on its customers. Here's why their arguments don't add up.
Afterpay has gone out on the defensive yet again, as calls for it to be brought into line persist.
The pandemic has tightened Putin's economic grip but spells trouble for the future
The coronavirus has allowed Vladimir Putin to expand the Russian state's involvement in its economy, but it creates some long-term issues.
World Bank suggests possible extra replenishment of IDA lending arm
WASHINGTON, May 29 ― World Bank President David Malpass yesterday suggested the Bank and donor countries should explore a possible supplemental replenishment of the International Development Association (IDA) concessional lending arm if the coronavirus crisis deepens. In a letter to US and...
Translation From VC-Backed PR Jargon To English of Magic Leap CEO Rony Abovitz's Statement That He's 'Stepping Down'
From a company-wide memo sent by Rony Abovitz, the founder of Magic Leap, which has raised nearly $3 billion from high-profile investors including Andreessen Horowitz, Google, AT&T, NTT DoCoMo, Public Investment Fund of Saudi Arabia, JP Morgan, Kleiner Perkins Caufield & Byers: As we've sha...
New Zealand's most popular holiday home destinations for Queen's Birthday weekend
Despite the weather, Kiwis are heading to the beach.
Sensex, Nifty fall ahead of GDP numbers; Vodafone Idea jumps 14%
At around 9:30 am, BSE Sensex was trading 259.77 points lower at 31,940.82, while NSE Nifty was down 0.72 per cent at 9,422. By 9:35 am, Sensex was down over 320 points and Nifty was struggling to stay above 9,400.
Favored Tech Announces Global Availability of FT-Nano Green 1008, the Most Advanced Corrosion Protection for Electronic Devices
CUPERTINO, Calif., May 29, 2020 /PRNewswire/ -- Favored Tech's early access customers have started production shipments of products protected by F...
Airline Chiefs Talk Travel Rebound, Cut Jobs Anyway
People are starting to fly again and that's encouraging. But companies are sticking with sweeping layoffs, suggesting a tepid recovery at best.
Hitachi Ltd (HTHIY) on Q4 2020 Results - Earnings Call Transcript
Hitachi Ltd (OTCPK:HTHIY) Q4 2020 Earnings Conference Call May 29, 2020, 02:30 ET Company Participants Yoshihiko Kawamura - Representative Executive Officer, SV
China's Kunlun says U.S approves sale of Grindr to investor group
(Reuters) - Chinese gaming company Beijing Kunlun Tech Co Ltd said on Friday that a U.S. national security panel approved the $620 million sale of popular gay dating app Grindr to an investor group called San Vicente Acquisition LLC.
Pound Sterling Could Actually Rise if Bank of England Slashed Interest Rates to Below Zero says Analyst
Speculation has been growing over the course of May that the Bank of England could soon announce it will cut interest rates to below zero in its ongoing battle to stem the negative economic impacts of the coronavirus crisis
Stablecoins Could Reach $1 Trillion Market Cap in 5 Years, According to Experienced Venture Capitalist focused on Blockchain Space
Lou Kerner, an advisory board member at Blockchain Coinvestors, a distributed ledger technology (DLT)-focused venture capital fund of funds that makes strategic
Snowballs set to fly as the trans-Tasman ski wars begin
Ski resorts across both sides of the ditch are scrambling to make social distancing work.
Deribit’s Ether Options Hit All-Time-High Amidst Rising Institutional Interest
Bitcoin and Ether exchange Deribit set a record earlier this week after ETH options on the platform surged to record highs.
FDI inflows surge 18% in 2019-20 to record $74 billion
India Business News: India’s FDI inflows, including reinvested earnings, rose 18% to a record $73.5 billion during 2019-20, buoyed by a spurt in inflows into computer hard
Friday’s Insider Report: Stocks that three CEOs are trading
A REIT among stocks featured
Young men urged to use COVID-19 to educate and create
THE ECONOMIC fallout resulting from COVID-19 has left many people jobless and is affecting the ability of men living in inner-city communities who are constrained from their daily ‘hustle’ to provide for their families and loved ones. Jerome...
Dua Lipa calls for refugee charity donations as she kicks off 24-hour concert
One Humanity Live is raising money for a variety of charities.
ANALYSIS: How SA can balance control of COVID-19 and avoid economic disaster
South Africa's management of the COVID-19 pandemic must now shift from a centrally regulated approach to one that enables participation and compliance by communities, workers and businesses.
Arsenal: 3 ways to avoid repeating last January transfer window
Per reports, Arsenal will not be spending a dime this summer, due to the financial impact of the coronavirus. This is a familiar situation for the Gunners,...
Krakatau Steel books first profit in eight years
The company booked US$74.1 million in profit in the first quarter this year, a major switch from the $62.3 million loss it suffered in the same period last year, as its cost of revenue and administrative expenses dropped 39.8 percent and 41.5 percent respectively.
PIC willing to convert R90 billion of Eskom debt into equity
Africa’s biggest fund manager, the Public Investment Corp., is willing to convert more than 90 billion rand ($5.2 billion) of Eskom Holdings SOC Ltd. debt into equity.
P2P Lender Archover to Begin Offering New Secured Lending Again, According to Charlotte Marsh, MD at ArchOver
Charlotte Marsh, managing director at ArchOver, a peer-to-peer (P2P) lending platform supporting SMEs business borrowing, has argued that the COVID-19 outbreak
Elderly woman 'unable to get pension after refusing to remove face mask'
AN ELDERLY woman has claimed she was unable to receive her pension from a Post Office because she refused to remove her face mask.
Poland: NBP surprising cut leaves room for the zloty to weaken – TDS
The NBP has again surprised the consensus by cutting rates by 40bps to 0.1%, economists at TD Securities apprise. EUR/PLN trades at 4.4563 after risin
Starling Bank Raises £40 Million From Existing Investors, Total Raised for the Year Stands at £100 Million
Digital bank Starling bank has raised £40 million from existing investors according to a note from the Fintech. Starling said the funding was led by JTC and M
Sebi seeks time to file counter in High Court on PIL against Franklin MF
The PIL had been filed by an investor protection society in response to the abrupt winding up six debt schemes worth Rs 28,000 crore of assets under management by the fund house
German Rights Body GEMA Says Strong 2019 Created 'Crisis Airbag' for Members Sidelined by Pandemic
The German copyright society GEMA carried over momentum from the previous year and increased revenues by nearly 5% in 2019.
ED attaches Rs 385 crore assets of Agusta middleman Rajiv Saxena
The Enforcement Directorate on Friday said it has attached assets, including five Swiss bank accounts, worth Rs 385.44 crore of Rajiv Saxena, a middleman in the AgustaWestland VVIP choppers money
10m Homes ‘ll Benefit from Mambila Power Plant – Buhari
PRESIDENT Muhammadu Buhari has said that over 10 million Nigerians will benefit from the Mambila power plant which is c
Non-essential shops to reopen: What shops will it include and when will it happen?
The government has unveiled a full list of the shops which will be allowed to reopen in England under new guidelines from 15 June. The measures are part of the second phase in Boris Johnson’s roadmap
Viewpoint: Making additive manufacturers smarter via the digital twin
In the last decade, an exciting dynamic is propelling manufacturing towards 3D printing, or additive manufacturing (AM), writes Bill Davis of Siemens Digital Industries Software, discussing the digital twin.
Williams hopeful of fresh sponsorship after ROKiT split
LONDON (Reuters) - Williams announced the end of the Formula One team’s title sponsorship with ROKiT on Friday but hoped to bring in new money to replace it.
COVID-19: Maintain 20 feet distance from people to avoid infection
Maintaining a 6 feet distance from the next person to avoid COVID-19 infection may no longer hold true. A new study says that 20 feet is the new minimum.
The Best Kids' Shoes: Sandals, Sneakers and More Styles
Shop comfortable (and adorable) shoes your kids will love to rock.
What’s Keeping Stocks Afloat? The ‘Microsoft Market’
The tech giant is a mainstay of the industry that lets companies, governments and people navigate disruptions caused by the coronavirus and other threats.
Diane Dodds says north faces 'long, hard road to recovery'
Economy minister Diane Dodds has warned the north faces a "long, hard road to recovery" as it battles the "economic shock" of the coronavirus lockdown.
EU Releases 500 Million Euro Final Loan Tranche To Ukraine
The European Commission has approved the disbursement of the second and final 500 million-euro tranche of its macro-financial assistance to Ukraine.
Canada bans cruise ship visits until October
The Canadian government on Friday extended by three months a ban on cruise ships entering Canadian waters because of the coronavirus pandemic. The ban, which began in April and will now run to October, has been tightened to include passenger boats and other vessels with more than 100 passengers and…
Wage subsidy scheme opened up to women returning from maternity leave
People returning from maternity leave are now able to access the Temporary Wage Subsidy Scheme.S...
French mortality rate in May below previous years despite epidemic
French mortality rates between May 1 and 18 were six percent lower than for the same period last year and one percent below the rate seen over ...
India, US could strike a 'smaller' trade deal in the coming weeks: Indian envoy
Addressing the virtual West Coast Summit of US-India Strategic Partnership Forum (USISPF), Sandhu said that India's supply of antimalarial drug hydroxychloroquine (HCQ) to the US has given the two countries enough confidence and have played an important foundation.
Rhumbline Advisers Buys 153,817 Shares of Coty Inc (NYSE:COTY)
Rhumbline Advisers boosted its stake in shares of Coty Inc (NYSE:COTY) by 27.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 706,118 shares of the company’s stock after purchasing an additional 153,817 shares during the quarter. Rhumbline Advisers […]
Siberian zoo sees animal baby boom during lockdown
MOSCOW (Reuters) - A Siberian zoo that closed its doors to visitors for over two months due to the novel coronavirus says the lockdown has encouraged a baby boom among its animals.
This telco stock has doubled in two months; eyes fresh highs
Bharti Infratel share price has doubled from its 52-week low of Rs 121 touched on March 19, 2020. However, the stock is still 22% lower from its 52-week high of Rs 295.75 registered on December 2 last year
School Sets Up Virtual Class To Help SMEs
Selwyn College, a well known Auckland school and a stronghold in community education, is helping small business owners with its new online education offering.
Stick or twist? Investors in virus-induced property dilemma
LONDON: The coronavirus pandemic has emptied offices and shuttered shops but filled warehouses and highlighted demand for work-from-home spaces, leaving investors wondering if they should flee real estate or double down on their bets. Property has long been a staple of a balanced investment portfolio, favored by pension funds and insurers seeking assets that combine capital
Magic Leap CEO Rony Abovitz is stepping down
Magic Leap founder Rony Abovitz confirmed he has raised a new round of funding, and he also announced he will step down as CEO.
Wipro appoints Thierry Delaporte as CEO and MD
Wipro has appointed Thierry Delaporte as the Chief Executive Officer and Managing Director of the company, effective July 6.Until recently, Thierry Delaporte was the Chief Operating Officer of Capgemi
The TV commercial, once advertising’s main event, suffers in the pandemic
Before the coronavirus pandemic, the TV networks were expecting a strong 2020. The presidential election and Tokyo Olympics would keep people watching, and companies would spend more than usual on commercial time.
Allowing people to meet in bubbles ‘could spread coronavirus in population’
It was thought the roadmap to easing the lockdown contained the possibility one household could form a social ‘bubble’.
Chancellor Rishi Sunak to outline changes to furlough scheme
It comes after Boris Johnson announced a gradual easing of the lockdown in England.
Yes Bank Scam: Over 100 firms that ‘diverted’ money, Rs 87-crore gift to wife under ED lens
The Enforcement Directorate (ED) is poring over the books of more than 100 companies owned/controlled/managed by the founder of the troubled Yes Bank, Rana Kapoor, and his family members.
The Ford-Volkswagen Pickup Truck Is Right Around The Corner
Two of the world's automotive giants, Ford and Volkswagen, are more commonly known for battling it out on t...
Work from home set to become new norm for BPO sector
WESTERN BUREAU: Some of the leading developers of space in western Jamaica are now taking a wait-and-see attitude towards the COVID-19 sparked work-from-home (WFH) arrangement, which some outsourcing firms are expressing an interest in expanding....
PLDT: No record of data being downloaded from company's support account
While hackers could have hypothetically grabbed data from PLDT's support Twitter account, the company says there's no record of customer data being downloaded from it
ITC to use Amway network to sell juices as coronavirus pushes demand for immunity boosters
FMCG major ITC has partnered with direct selling company Amway to retail its range of juices as demand for immunity building products witness a boom during the coronavirus pandemic.
Inside Kylie Jenner's quest to become a 'fake billionaire' - orchestrated by momager Kris
Kylie Jenner has been outed as a 'fake billionaire' by Forbes magazine, the very publication that declared her 'the world's youngest self-made billionaire
Apple Inc. (NASDAQ:AAPL) is Wade G W & Inc.’s 3rd Largest Position
Wade G W & Inc. decreased its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 4.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 172,339 shares of the iPhone maker’s stock after selling 8,544 shares during the quarter. Apple accounts for […]
Bank of India cuts MCLR by 25 bps across all tenors
The revised one-year MCLR will be 7.70 percent as against 7.95 percent earlier, the bank said in a release.
V-Mart Retail Q4 net loss at Rs 8.43 crore, net sales at Rs 332.66 crore
The company had posted a net loss of Rs 90.42 crore in the January-March quarter of last fiscal, V-Mart said in a regulatory filing.
UK business morale deteriorates to 2008 low in May – Lloyds Bank
According to the latest survey conducted for Lloyds Bank, the UK business confidence hit its lowest since the 2008 Global Financial Crisis (GFC) due t
Outlook & trading strategies for Silver, crude oil by Tradebulls Securities
The outperformance in Silver is because it could benefit from optimism about increased industrial demand as economies reopen following the COVID-19 pandemic
East Tender expects increasing 5G optical filter shipments in 2H20
Thin-film optical filter maker East Tender Optoelectronics has seen its shipments begin gaining momentum in the second quarter of 2020 and expects its revenues to grow quarter by quarter in the second half of the year.
South Korea: Lower rates and GDP downgraded – UOB
UOB Group’s Economist Ho Woei Chen, CFA, assessed the recent Bank of Korea (BoK) meeting and GDP outlook. Key Quotes “As expected, the Bank of Korea (
Rajeev Chandrasekhar highlights problems of women entrepreneurs in letter to FM
In the midst of the coronavirus outbreak, Member of Parliament, Rajeev Chandrasekhar has written to Union Finance Minister, Nirmala Sitharaman pointing out the challenges that the Women Entrepreneurs are facing.
Fairfax Financial Holdings left behind amid market rebound
Fairfax is trading at a major discount on TSX as it struggles to recover from COVID-19 impact
Domestic helps at Noida societies cut off by employers, some forced to beg
“When the lockdown was implemented, I was given Rs 1,600 and told to leave. Now, no one is hiring... we do not know when we will get jobs again,” said Bibi, who used to work at four houses but was only paid her dues by two employers.
Pick n Pay opens alcohol pre-orders online as it prepares for high demand from 1 June
Pick n Pay customers can now pre-order liquor from its online shop and all orders will be delivered from 1 June 2020.
FY20 fiscal deficit widens to 4.59% of GDP, higher than budget aim of 3.8%
This would mean that the government will have limited space to provide economic relief to businesses and individuals hit by coronavirus crisis.In absolute terms, total receipts of the government were ₹17.5 lakh crore against the estimate of ₹19.31 lakh crore
Vodafone Idea dismisses report of Google buying stake
"Currently, there is no proposal as reported by the media that is being considered at the Board," Vodafone Idea said
Stripped of billionaire status
Forbes magazine, which once declared Kylie Jenner a billionaire on its cover, says she no longer deserves the title, but Jenner is pushing back.
IIFL Finance March Quarter profit plunges 81% to Rs 59 crore
The company, which is mainly engaged in financing and investment business, had logged a profit of Rs 305.89 crore in January-March, 2018-19.
WHO, 37 countries launch alliance to share tools to battle COVID-19
Thirty-seven countries and the World Health Organization (WHO) appealed on Friday for common ownership of vaccines, medicines and diagnostic tools to tackle the global coronavirus pandemic, taking
Bill Clinton rebuffs claims he partied with Epstein on the billionaire’s ‘Pedophile Island’
Bill Clinton has shot down claims he visited Jeffrey Epstein's notorious 'Pedophile Island', as new documentary names him and Prince Andrew
Charting The Travel Industry’s Next Adventure
The pandemic decimated the travel industry in the first half of 2020, but industry experts are hopeful consumers will want to travel again soon. Here's why.
GBP/USD retreats from highs near 1.2400 ahead of Trump’s conference
Sterling’s rally from 1.2230 lows has reached two-week highs at 1.2395. The pair, however, has not been able to consolidate at those levels and pulled
Dramatic photos show fire tearing through 200 tonnes of paper at industrial estate in Wigan
The smouldering paper sent smoke billowing into the air
Developer offers tenants half-price rent at prime site
Rents are being cut in half in a new office development just south of Sydney's CBD.
Sundaram Finance posts Rs 131 crore net profit for March quarter
For the full 2019-20, the company registered a net profit of Rs 723.95 crore.
The American Workplace Is Reopening. Are Employers Ready?
Ready or not, American workplaces are revving into action. Battered by the economic costs of the lockdown, governors are easing closure orders and allowing businesses to reopen. But what will the post-pandemic office look like?
Neil Woodford fund: investors still await final payout
Twelve months after Equity Income fund’s suspension, pandemic leads to further delays
Low demand, high inventory; housing sector facing its worst: CREDAI head
Shah said that interest subvention is the "need of the hour"
Rupee rises 7 paise against the US dollar; all eyes on GDP data
“For the day, we expect volatility for the rupee to be confined to a narrow range of 75.40 and 76.20,” MOSL said.
Synchrony Financial (NYSE:SYF) Position Increased by Commerce Bank
Commerce Bank increased its stake in Synchrony Financial (NYSE:SYF) by 82.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,239 shares of the financial services provider’s stock after purchasing an additional 8,709 shares during the period. Commerce Bank’s holdings in […]
‘India’s Test series can happen in as little as one venue’: Cricket Australia
Cricket Australia on Thursday announced that India will play the Tests at Brisbane (December 3-7), Adelaide (December 11-15), Melbourne (December 26-30), and Sydney (January 3-7) respectively.
India-dedicated funds attract zero investments in April due to Covid-19
This is the first time since August 2016 that a month has reported nil fundraising in India-dedicated schemes
Magic Leap is looking for a new CEO as founder Rony Abovitz is stepping down
Abovitz said in a message on the company’s website that after securing “significant” new funding and pivoting to focus on delivering a spatial computing platform for enterprise clients, both he and the board agreed that a change in his role…
New York Community Bancorp: Nice Little Trade
While short-term traders are locking in profit, we think you can stay in this in the longer term. When the company reported earnings, New York and the Tri-State
Big Tech’s Tumble: Why AMZN, MSFT And Other FAAMG Stocks Are Stalling
Stocks Analysis by Matthew Weller covering: S&P 500, Boeing Co, Microsoft Corporation, Alphabet Inc Class A. Read Matthew Weller's latest article on Investing.com
New figures show which parts of the UK have highest coronavirus infection rate
The South West has the highest coronavirus infection - or R - rate in Britain, followed by the North East and East Midlands - amid warnings new restrictions could be needed
Renault to slash about 15,000 jobs in €2bn cost-cutting plan
Carmaker eyes production cuts after fall in demand during coronavirus crisis
TCG accused of short-changing PE investors in Haldia Petrochem
In 2015-16, the West Bengal government decided to transfer its stake in Haldia Petrochemicals Ltd (HPL), then a joint venture, to NRI businessman Purnendu Chatterjee’s The Chatterjee Group (TCG), bri
Three-point checklist for getting maximum savings out of KiwiSaver
Three point checklist to get the best out of KiwiSaver.
TZERO Announced New Broker-Dealers Trading On Its Blockchain
tZERO, owned by OverstockOSTK, announced yesterday that broker-dealers ChoiceTrade and an unnamed investment bank focused on institutional brokerage are now live and trading on the tZERO blockchain Alternative Trading System (ATS). Both brokers are now subscribers to the tZERO’s ATS.
Hawaiian Electric suspends rate increase due to COVID-19 pandemic | Honolulu Star-Advertiser
Hawaiian Electric announced Thursday that it will no longer seek an increase in its rates on Oahu, due to the hardship to customers presented by the coronavirus pandemic.
Australia Finally Gets Gigabit Internet Today
If you're one of the very lucky people with the best fibre or one of the luckiest folk in a HFC area, today is a very good day indeed....
Tackling corona around the world
A long-term lock-down policy during which schools and work are also shut down, however, would cost much more but save fewer additional lives. This would likely leave society worse off.
Quest for COVID-19 vaccines: Where they stand
May 29 (UPI) -- As the worldwide death toll from the novel coronavirus continues to rise, scientists across the globe are racing to find a vaccine.
Pound-to-New Zealand Dollar Rate Breaking Down into New Lower Range, but Nears Support
The British Pound Sterling vs the New Zealand Dollar: Latest GBP/NZD News and Analysis
Paytm Mall in talks for Grofers stake as SoftBank pushes for consolidation
Online retailer Paytm Mall has held talks with e-grocer Grofers for a potential investment, multiple people in the know told ET, adding that the ongoing discussions may even lead to a merger.
As coronavirus restrictions are relaxed, the future of live music in Japan looks rocky
Despite Japan having lifted its state of emergency, gig-goers may have to wait for live music to get back to normal across the country.
Capgemini COO Thierry Delaporte becomes new Wipro CEO and MD
Neemuchwala will step down as CEO on June 1 while executive chairman Rishad Premji will oversee day-to-day operations of the company until Delaporte takes over on July 6
Days from launch, Fed officials eye 'Main Street' program expansion
Days from launch, Fed officials eye 'Main Street' program expansion
Big Banks Must Face Forex Manipulation Claims, U.S. Judge Rules
(Bloomberg) — A group of banks failed to persuade a judge to throw out a lawsuit claiming they conspired to rig foreign exchange rates.
German regulator examines stock trades by Wirecard CEO
German regulator examines stock trades by Wirecard CEO
USD/CAD: CAD’s best days are behind it – TDS
The Canadian dollar has pulled its US counterpart to 2, ½ month lows at 1.3710, the FX Analysts’ team at TD Securities, however, are sceptical about f
SoftBank leads US$500 million fundraising for Didi's self-driving unit
China's Didi Chuxing said on Friday it had completed a fundraising round of over US$500 million for its autonomous driving subsidiary that was led ...
Clearing His Name: Metropolitan CEO Says He’s Ready to Put Disastrous Albany Show Behind Him
When John Scher was approached by an old friend about investing in a long-shot benefit concert, the 69-year-old promoter knew he should have walked away. But spellbound by the opportunity to work with superstar artists James Taylor and John Legend, Scher convinced himself that he could pull it off.
Self-employed scheme extension leaves ‘vulnerable at risk’, says arts trade body
Caroline Norbury, Creative Industries Federation CEO, warned against a ‘cliff-edge’ end to support.
Marathon Oil Stock Will Continue to Limp Along as the Pandemic Continues
MRO stock is down 56% from last December, and it doesn't seem like stock will rally anytime soon considering the volatility in the market
Brazil GDP shrinks 1.5% in Q1 2020 due to pandemic
The 1st quarter drop in Brazil's gross domestic product only reflects the early effects of the coronavirus crisis, with 2nd quarter numbers expected to be much worse
Wipro's new CEO: Can foreign executives succeed in Indian IT firms?
Wipro's peers TCS and HCL Tech have always placed faith in long-timers.
NIA charges one more in Attari drug seizure case
Investigations revealed evidence of generation of funds though the sale of narcotics. The narcotics were smuggled from across the international border. The proceeds from the sale of these drugs were used to fund terrorist activities in Jammu and Kashmir, the NIA's supplementary chargesheet also said.
Aussie shares slip early after Wall St stumble
The Australian share market has opened lower after Wall St dipped amid US-China trade tensions.
Bitcoin May Surge as Chinese Yuan Gets Fixed to Lowest Price in a Decade
Unlike Bitcoin and other free markets, the Chinese yuan market is fixed and somewhat controlled by the country's central bank. As Wikipedia describes:
Business Live: Indian shares fall ahead of GDP data; Vodafone jumps
Updates from the world of economy, markets, and finance
Amazon.com, Inc. (NASDAQ:AMZN) is Partnervest Advisory Services LLC’s 9th Largest Position
Partnervest Advisory Services LLC boosted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 26.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,379 shares of the e-commerce giant’s stock after buying an additional 291 shares during the period. […]
Limited impact on Vedanta operations due to coronavirus lockdown: Crisil
The COVID-19-induced lockdown has had a limited impact on the operations of Vedanta Ltd, rating agency Crisil has said. Also, increase in export offset decline in domestic demand during the
Walmart Telling Photo Lab Employees NOT to Ask for Proof of Copyright
Walmart’s Photo Centers might not seem like a major avenue for copyright infringement or photo theft. But PetaPixel has been made aware of an alleged policy change that makes it far easier for bad actors to use and print professional photos without permission.
Govt mulls ban on loose edible oil sales post Covid-19 over health concerns
The ban, if imposed, would affect the poor consumer who buys his requirement in rupee terms from his daily wages, not by weight
Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by Biondo Investment Advisors LLC
Biondo Investment Advisors LLC lifted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 22.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,361 shares of the e-commerce giant’s stock after purchasing an additional 437 shares during the quarter. Amazon.com comprises 1.5% of Biondo […]
EasyJet and Carnival poised to exit FTSE 100 as virus hammers travel firms
Avast, Homeserve, Ladbrokes owner GVC and Convatec have been earmarked as the most likely firms to move into the index.
South West Food Hub launches to help those feeding the nation
The initiative is supported by local organisations including the Heart of the South West LEP, the University of Exeter, Exeter City Futures, POM Support and the National Farmers' Union (NFU)
Japan factory output and retail sales slump as pandemic hits autos
Official data Friday showed factory output slipped 9.1 percent in April from the previous month.
Fintech marketplace Stackin secures $12.6 million ahead of UK launch
Stackin, a US startup that helps consumers navigate the crowded fintech space, has raised a $12.6 million Series B funding round led by Octopus Ventures.
AMD Stock May Look Weak, but There’s Still Lots of Opportunity
It’s had a great run and there’s now evidence of better things to come, but AMD stock investors need to respect a good defensive game first.
Iput secures €200m in ‘green finance’ for delivery of new LinkedIn HQ
Funds form part of €300m revolving credit facility agreed with Wells Fargo Bank
Etsy: A Niche E-Commerce Poised For Growth
Etsy has been firing on all cylinders since 2017 increasing both growth and profitability. Etsy is facing competitive threats from its larger rivals. However, t
Wine Aid Aims to Keep Chefs in Work and Wineries in Business One Case of Vino at a Time
And the reward for buying a mystery box of organic wine? It’ll get an out-of-work hospo worker a square meal.
B.C. tourism seeks relief as businesses wait for COVID-19 restrictions to ease
Mid-June earliest for more in-province travel to be authorized
Many Choosing Not To Take Vacations This Summer
A new survey published by PRNewswire indicates a large percentage of us plan on keeping our noses to the grindstone all summer long.
BLACKPINK beats Fifth Harmony record; 'Sour Candy' reaches # 1 in 57 countries on Itunes.
'Sour Candy', a collaboration between BLACKPINK and Lady Gaga, has excited music fans around the world.'Sour Candy', which was released on the 28th a…
We need to plan for the next round of NPAs
The RBI should draw up guidelines on rolling back rules on moratorium and NPA classification. Banks and NBFCs need financing so they are not held in suspension over debt servicing
Sebi fines 2 persons in SpiceJet insider trading case
Markets regulator Sebi on Friday imposed a penalty totalling Rs 35 lakh on two persons for trading in shares of SpiceJet on the basis of unpublished price-sensitive information related to financial
US restaurants concerned over sales losses due to capacity constraints
A survey of 2,500 US consumers conducted this month found that three-quarters planned to avoid restaurants or dine out less frequently, according to Wall Street firm Cowen
EOG Resources: The Three Wise Monkeys
Revenues were $4.72 billion, up from $4.06 billion in the same quarter the previous year. Total production was a record of 874.1K Boep/d, up 13% from last year,
Torstar buyer says Canso picked to provide financing because of media experience
TORONTO — A private investment company that is a major backer of Postmedia Network Corp. has agreed to provide financing for NordStar Capital's acquisition of Torstar Corp., the owner of the Toronto Star and other newspapers.
South African Airways administrators seek more time for rescue plan
If the delay in publication is approved, they will start those talks on June 1, they said in the letter, dated May 28.
Kamloops residents spot mask-wearing dragons along hiking trail
If you're going for a hike in Kamloops, keep an eye out for dragons.Locals have spotted little painted dragon sculptures along a trail in Barnhartvale,
NIO Limited (NIO) CEO William Li on Q1 2020 Results - Earnings Call Transcript
NIO Limited (NYSE:NIO) Q1 2020 Earnings Conference Call May 28, 2020 08:00 ET Company Participants Rui Chen - Director, Investor Relations William Li - Founder,
Dell beats revenue estimates as remote working lifts workstation demand
Dell Technologies Inc beat analysts' estimates for quarterly revenue on Thursday, boosted by demand for its workstations from companies moving ...
Tristar Worldwide begins 45-day consultation process with workers
Addison Lee Group chauffeur division Tristar Worldwide has started a 45-day consultation with some of its workers, according to GMB London.
Hyundai signs deal with Sony Pictures – carmaker’s models to feature in upcoming Spider-Man movies
Deals between carmakers and entertainment companies are not uncommon, as the exposure provided to the former can prove to be rather invaluable. For
Capgemini's top executive Thierry Delaporte is new Wipro CEO
Until recently, Thierry Delaporte was CEO of Capgemini Group and a member of its Group Executive Board. He held several leadership roles including that of CEO of Global Financial Services Strategic Business Unit, and head of all global service lines
UK business confidence matches 2008 low in May - Lloyds Bank
LONDON — British business confidence fell to its lowest since the 2008 financial crisis in May, according to a survey for Lloyds Bank which contrasts with other surveys which have shown a small improvement since the initial shock of the coronavirus lockdown.
Concession in fixed charge of power bills
The government has decided to grant 25% concession in the fixed charge of the power bills of commercial and industrial units and private hospitals for March, April and May and granted time up to Decem
Delhi: Cases up over past 10 days, so is positivity rate
The city's overall positivity rate is 8.7% with the authorities having carried out 1,99,626 tests until May 29, out of which 17,386 were found positive.
Tesla CEO Musk earns incentive payout worth $775 million in first tranche
The compensation plan, approved by shareholders in 2018, consists of 20.3 million stock option awards broken up into 12 tranches of 1.69 million shares
Insider Selling: MGP Ingredients Inc (NASDAQ:MGPI) Director Sells $21,870.00 in Stock
MGP Ingredients Inc (NASDAQ:MGPI) Director Karen Seaberg sold 250 shares of the business’s stock in a transaction that occurred on Saturday, February 1st. The stock was sold at an average price of $87.48, for a total transaction of $21,870.00. Following the sale, the director now directly owns 3,977 shares in the company, valued at approximately […]
Global champagne sales fizzle amid coronavirus pandemic because people aren't celebrating
Now this is just cham-painful.
Tesla: Elon Musk qualifies for $770 million compensation
May 29 (UPI) -- Tesla announced in its Thursday filing with the Securities and Exchange Commission that founder Elon Musk has qualified for a compensation package worth some $770 million after the company reached certain growth goals.
London buses to resume front door boarding
The process will be phased back in at the weekend.
Travel disruptions, cost-cutting key issues for US business in China: Report
Global travel disruptions are the top concern for American businesses in China, of which many are cutting compensation and bonuses amid the ...
Apple tops wearables Q1 growth, but wristbands, hearables lead the segment
The International Data Corporation (IDC) report says smartwatches and basic ones registered a decline in growth, which was offset by wristbands and hearables.
China's Geely raises $836 million from share sale
Hong Kong-based Geely has sold 600 million primary shares at the bottom of the HK$10.80-HK$11.20 ($1.39-$1.44) price range, or at a 7.85% discount to the last closing price of HK$11.72, according to its release.
Decision to open shops in malls soon after taking into account health ministry's guidelines
"The decision to open the remaining shops in the malls, will be taken soon, after taking into account the guidelines of the health ministry," the ministry said in a statement.
Lupin Q4 net profit up 35% to Rs 390 cr on robust sales, lower tax expenses
In the current times, Lupin has been able to ensure business continuity while safeguarding the health and safety of its employees
Cambridge Investment Research Advisors Inc. Has $166.59 Million Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)
Cambridge Investment Research Advisors Inc. increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 7.6% in the first quarter, Holdings Channel.com reports. The institutional investor owned 85,442 shares of the e-commerce giant’s stock after buying an additional 6,025 shares during the period. Amazon.com makes up 1.6% of Cambridge Investment Research Advisors Inc.’s holdings, making […]
Google has rescinded thousands of job offers to temporary and contract workers, as the company continues to feel the sting of the pandemic
In its latest cost-cutting measure, Google has reportedly rescinded job offers to more than 2,000 contractors who were preparing to join the company.
Commerce Bank Buys 847 Shares of Bank of Montreal (NYSE:BMO)
Commerce Bank increased its stake in Bank of Montreal (NYSE:BMO) (TSE:BMO) by 14.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,903 shares of the bank’s stock after purchasing an additional 847 shares during the period. Commerce Bank’s holdings in Bank […]
Arrowhead and Exemplar deliver better than expected results
But Covid-19 presents risks for the property sector.
Restrictions on entry to be introduced in Kyiv subway from June 1
An increase in passenger traffic is expected in the subway from Monday.
Robinhood Names Surabhi Gupta as VP of Engineering
Robinhood has expanded its Engineering team with the appointment of Surabhi Gupta, who has been named as the Vice President of Engineering.
India’s tour of Australia could be held in only one or two venues if needed: CA chief Kevin Roberts
CA chief executive Kevin Roberts said the schedule could change depending on the travel restrictions due to the health crisis.
U.N. calls on nations to take action in six areas to limit COVID-19's financial impact
May 28 (UPI) -- U.N. Secretary-General Antonio Guterres on Thursday called for countries throughout the world to work to take action in six areas to limit the financial impacts of the COVID-19 pandemic.
French carmaker Renault to cut 15,000 jobs worldwide
French carmaker Renault said Friday it will cut 15,000 jobs worldwide as part of a 2 billion-euro ($2.2 billion) cost-cutting plan, as a brutal drop in industry sales during the pandemic worsened the company's pre-existing problems.
Legal lifeline for businesses refused critical coronavirus pay out
Michelmores is inviting businesses whose claims have been declined to help in the legal fight
Launch owners told to follow health safety rules, fare to remain unchanged
Launch owners have been told to resume services throughout Bangladesh from Sunday enforcing social distancing measures between the passengers and following health safety guidance amid the coronavirus outbreak.
Find the Perfect Images for Memes and Websites With This AI Tool
Find the perfect stock images for your website or videos with this lifetime membership to JumpStory's image catalog.
Chancellor Rishi Sunak to outline changes to furlough scheme
It comes after Boris Johnson announced a gradual easing of the lockdown in England.
USD/JPY drops to near 2-week lows amid escalating US-China tensions
The USD/JPY pair dived to near two-week lows in the last hour, albeit managed to find some support ahead of the 107.00 round-figure mark. Having repea
Telangana: Sons refuse to allow 80-year-old mother into house out of Covid-19 fear
The woman on Friday returned from Sholapur in Maharashtra after a stay at her relatives' house in the wake of relaxations in lockdown norms, but her elder son and his wife did not allow her into the house.
Capgemini’s Delaporte to take over as Wipro CEO and MD
Frenchman had spent 25 years with the consulting firm
Blame it on virus: Future tense for farmers in distress
Progressive farmer from Mysuru loses hope on getting back his money invested in Cavendish and Zarbera cultivation By Y.D. Shekar With the nationwide lockdown for over two months, farmers who cultivated vegetables, flowers and fruits are facing massive distress due to disruptions in supply chains of the agriculture sector. Higher costs of harvesting and transportation,...
Lesotho court revokes former first lady Maesiah Thabane’s bail
The former Prime Minister Tom Thabane’s third wife was granted bail by the high court for the alleged killing of Thabane’s second wife Lipolelo.
The L In L-Shaped Recovery Stands For Long
This is a weekly series focused on analyzing the previous week’s economic data releases. The objective is to concentrate on leading indicators of economic activ
Stop and Shop extends 10% pay bump for hourly workers
Stop and Shop plans to extend a 10% pay increase until July 4.
The Toronto-Dominion Bank (TD) CEO Bharat Masrani on Q2 2020 Results - Earnings Call Transcript
The Toronto-Dominion Bank (NYSE:TD) Q2 2020 Earnings Conference Call May 28, 2020, 01:30 PM ET Company Participants Gillian Manning - Head, IR Bharat Masrani -
India's economy seen slowing rapidly in March quarter, with worse to come
Gross domestic product data out later on Friday is expected to show India's economy grew at its slowest pace in at least two years in the March quarter as the coronavirus pandemic weakened already declining consumer demand and private investment. The median forecast from a Reuters poll of economists
Einhorn’s Greenlight Hedge Funds Rebound With 7.4% Gain in May
David Einhorn’s hedge funds surged 7.4% in May as U.S. stocks rallied.
Ad volumes on television rose 16% in week 20: BARC-Nielsen report
The report, which also revealed data on content consumption on smartphones, highlighted how content consumption on smartphones also recorded a dip of 2.7%
WHO, 37 countries launch alliance to share tools to battle COVID-19
Thirty-seven countries, including Bangladesh, and the World Health Organisation appealed on Friday for common ownership of vaccines, medicines and diagnostic tools to tackle the global coronavirus pandemic, taking aim at patent laws they fear could become a barrier to sharing crucial supplies.
Hong Kong’s Turmoil Makes EWH a Profitable Put Play
With more protests starting in Hong Kong, I think a bearish position on iShares MSCI Hong Kong ETF (NYSEARCA:EWH) is a great way to add some bearish protection.
India GDP growth slows to 3.1% in Q4 as Covid-19 lockdown hits economy
In the services sector, growth in the hotels and financial services sectors fell to 2.6 per cent and 2.4 per cent in the fourth quarter
Is Microsoft Stock About to Go Into a Lengthy Stall?
Microsoft trades at 30 times forward earnings. Some believe Microsoft stock is overvalued and about to go into a lengthy stall.
JobStart policy no substitute for tax cuts
The National Party’s JobStart policy - under which businesses could claim $10,000 per new employee, for up to ten new employees - looks great on paper but would fail in practice, says the New Zealand Taxpayers’ Union.
Why Macy’s Stock Can Climb 70% Higher in 2020
Macy's stock plunged on the idea that the world would never be normal again after Covid-19. But the world is already normalizing today.
Zoom Video Jumps to Record With Market Cap Now Above $50 Billion
Zoom Video Communications Inc. soared to a record on Friday with a rally in the last hour of trading helping the company close with a market value above $50 billion for the first time.
Letters May 29: Play nice; think of others; WorkSafe investing
Amid the pandemic, please play nice The COVID-19 pandemic has resulted in people being grumpy, rude and downright nasty. Drivers run red lights and stop signs, people in stores get all upset if . . .
Tsenengamu seek police clearance to protest
Godfrey Tsenengamu, the leader of the newly-established Front for Economic Emancipation in Zimbabwe, yesterday wrote to police seeking clearance to protest at t...
Chile jobless rate hits 9% during pandemic, highest in decade
Chile jobless rate hits 9% during pandemic, highest in decade
Oil falls but set to post biggest monthly rise in years on output cuts
Brent crude slipped 43 cents, or 1.2%, to $34.86 a barrel by 0643 GMT and US West Texas Intermediate (WTI) crude was at $33.14 a barrel, down 57 cents, or 1.7%.
Distressed retailer Party City seeks to cut debt with bond deal
Party City Holdco Inc., the retailer that has been working with restructuring advisers to cut its approximately US$2 billion debt load as social distancing scraps celebrations, is seeking approvals from creditors on a proposed deal that would trim its borrowings and inject fresh cash into the company.
EUR/USD seen at 1.05 on a 3-month view – Rabobank
The euro rally o=bserved over the last two weeks has been fuelled by the coronavirus stimulus proposal says the FX analysts’ team at Rabobank, who see
Metals Nearing Critical Momentum For New Parabolic Rally
Commodities Analysis by Chris Vermeulen covering: XAU/USD, XAG/USD, Gold Futures, Silver Futures. Read Chris Vermeulen's latest article on Investing.com
Limited impact on Vedanta operations due to coronavirus lockdown: Crisil
Also, increase in export offset decline in domestic demand during the lockdown, supported by its low cost position in key businesses, it said.
Paddy Power Betfair owner raises €904m in share sale
Flutter seeks to cut debt burden after merging with Canadian rival the Stars Group
FMG appoints Claire Owens as new managing director
Huddersfield-based incident management and recovery business FMG, appointed Claire Owens as a new managing director in March, at the outset of the Covid-19 outbreak in the UK.
In Boom-and-Bust San Francisco, Pandemic Brings Grim New Reality
Uber, Lyft and Airbnb have slashed thousands of jobs. Salesforce and Visa are letting employees work remotely for months; Twitter and Square are allowing them to do so for good.
HDB to launch 7,800 BTO flats in August sales exercise, services and construction activities to resume
SINGAPORE: The Housing and Development Board (HDB) will offer about 7,800 flats in its Build-To-Order (BTO) August 2020 sales exercise, it said in ...
Debate over USD 600 in jobless aid to intensify as claims rise
A debate in Congress over whether to extend USD 600 a week in federally provided benefits to the unemployed looks sure to intensify with the number of people receiving the aid now topping 30 million one in five workers.
Dell reports steady sales because of work-from-home trend
Dell Technologies Inc. reported quarterly revenue and profit that were better than projected on greater sales of personal computers to businesses with employees working from home, even while server demand waned.
EE’s 5G service reaches 80 locations on first anniversary since launch
The firm said 5G customers are mostly using it to watch more video, with YouTube the most popular app.
Crisis growing as GDP data signals weakening demand, growth impulses
India's economy was already slowing down before it entered the Covid-19 year of 2020-21, writes D K Srivastava.
Goldfinch Partners acquires payments fintech Vesta
Goldfinch Partners, a Washington-based private equity firm, has invested $125 million in Vesta in a bid to take control of more than 80% of the Oregon-based payments and fraud detection solution provider.
National Marker Company (NMC): High-quality custom signs endorsed by Carroll
National Marker Company (NMC) has been providing high-quality safety identification products and custom signs for more than 80 years.
Covid-19 Reinforced Our Coffee Addiction
JDE Peet's benefits from having the right timing and business mix to ride out the coronavirus pandemic.
New heat seam machine for sealing PPEs launched
At a time when the country was battling the spread the coronavirus pandemic, which has affected the economy, three garment firms in Tiruppur along with an engineering industry have come up with a new heat seam sealing machine used for sealing PPE units under Prime Minister Narendra Modi's Atma Nirbhar scheme. Continue Reading →
Meat products sold in Ireland urgently recalled as they were processed in 'unapproved facility' in Co Westmeath
The public are being advised not to eat the food products
Reopen Koyambedu market with safety regulations in place, traders’ associations say
Traders say they are forced to sell vegetables at low costs to avoid wastage, as the new Thirumazhisai market has very little storage space
Developer offers tenants half-price rent at prime site
Rents are being cut in half in a new office development just south of Sydney's CBD.
Just All The Times The Internet Called The Govt The Fuck Out Over Today’s Robodebt 180
The Federal Government today announced a plan to refund $721 million worth of robodebt payments, and Twitter has some thoughts about it.
Covid-19 pandemic may create opportunities to deepen India’s engagement with Africa
India could also create a new fund for Africa and adapt its grant-in-aid assistance to reflect the current priorities. This could include support for new investment projects by Indian entrepreneurs especially in the pharmaceutical and healthcare sectors in Africa.
US consumer spending sinks by record 13.6% in face of virus
WASHINGTON — U.S. consumer spending plunged by a record-shattering 13.6% in April as the viral pandemic shuttered businesses, forced millions of layoffs and sent the economy into a deep recession.
Stocks rebound after Trump pulls his punches on China
S&P 500 ends higher after presidential press conference on Hong Kong security law
Storm warning: Parts of WA urged to prepare as another cold front closes in
Locations which may be affected from Friday morning include Albany, Bunbury, Busselton, Katanning, Mandurah, Manjimup, Margaret River, Mount Barker, Narrogin and Perth.
Line of Duty’s Martin Compston got tattoo to prove love for wife – because he’s scared of US gun-toting mother-in-law
MARTIN Compston has revealed he got a tattoo to prove his love for his wife because he was frightened of her gun-toting mum. The Scots actor said he was intimidated by American partner Tianna’…
Google (NASDAQ: GOOGL) Terminates Thousands of Job Offers as It Continues to Battle a Plunge in Ad Revenue
Google has now canceled the job offers of thousands of temporary and contract workers as it continues to battle a decline in ad revenue
European coffee giant brews a strong IPO
JDE Peet's shows that coffee is a good mix to have in a virus-struck marketplace
Endeavour receives shareholder approval for Semafo merger
Endeavour Mining has announced that its shareholders have voted “overwhelmingly” in favour of its acquisition of Semafo, which was announced in March.
Volkswagen invests €2b in Chinese electric vehicle sector
BEIJING, May 29 ― Volkswagen said today it will invest around €2 billion (RM9.65 billion) in two Chinese companies in the electric vehicle sector, calling it “the world's biggest market”. The German car giant said it will take a 50 per cent stake in JAG ― the parent company of state-owned...
Decision to open shops in malls soon after taking into account health ministry's guidelines
Issues of retail traders were discussed in a meeting between Commerce and Industry Minister Piyush Goyal on Thursday with representatives of traders associations through video conferencing.
COVID-19 impact | Re-mobilisation of workforce at project sites an arduous task: Voltas
In its March quarter (Q4) results, the company posted a 12.7 percent year-on-year (YoY) growth in net profit at Rs 160 crore.
Covid-19: India vs Australia Test series schedule may change, says CA
Cricket Australia on Thursday announced that India will play the Tests at Brisbane (December 3-7), Adelaide (December 11-15), Melbourne (December 26-30) and Sydney (January 3-7)
Paul Ngei’s Daughters Seek To Block Adopted Brother From Being Beneficiary To Estate
Late veteran Paul Ngei's daughters have sought to have his adopted son blocked from being included as a beneficiary to his estate.According to the Standard, one of the daughters, Elizabeth Nduku M
Cane arrear reaches Rs 17,134 crore so far in 2019-20 season: Centre
Under the Sugarcane (Control) Order, 1966, sugar mills are required to make cane price payment to farmers within 14 days of supply of cane. If mills fail to make payment, they have to pay interest at the rate of 15 per cent per annum on amount due for the delayed period beyond 14 days.
Inside Katie Price's 42nd birthday as all five kids join her for party games and cake
Katie Price and her five kids Harvey, 18, Junior, 14, Princess, 12, Jett, six, and five-year-old Bunny got together to celebrate her 42nd birthday next week
Mumbai, Bengaluru and Cochin airports hike landing charges by up to 45%
The increase in charges by the airports was allowed by the Airport Economic Regulatory Authority (AERA) - the regulatory body which fixes chargers for airports
SC issues notice to Tata Sons on cross-appeal of Mistry group firm against NCLAT order
A bench of Justices A S Bopanna and Hrishikesh Roy in Friday's proceedings, held through video-conferencing, also issued notice on the cross-appeal of Cyrus Investment Pvt Ltd and tagged the plea with that of TSPL.
Telangana: Sons refuse to allow 80-year-old mother into house out of COVID-19 fear
The woman today returned from Sholapur in Maharashtra after a stay at her relatives house in the wake of relaxations in lockdown norms, but her elder son and his wife did not allow her into the house, said Edla Ashok, a division member of Karimnagar Municipal Corporation.
Finbond Group plans to sell its South African operation and delist from the JSE
Credit-provider Finbond says that as part of its short and medium term strategic objectives, it plans on selling its South African operations to focus on North America and Europe.
GDP growth slows to a 11-year low of 4.2%, Q4 slumps to 3.1%
In 2019-20, the Indian economy grew by 4.2% against 6.1% expansion in 2018-19.
Coronavirus sinks US consumer spending; savings hit record high
U.S. consumers cut spending by the most on record for the second straight month in April while boosting savings to an all-time high, and the ...
Move 4 Less offers free moves to four families
The COVID-19 virus has triggered economic hardship throughout the Las Vegas community with many people struggling to pay their mortgage or rent. To help ease their burden, Move 4 Less has created t...
IDC: Hearables market on the rise, but smartwatch sales have declined in Q1 2020
Global shipments for wearables went up by 29.7% YoY with 72.6 million units shipped.
West Ham headlines as €12m transfer claim made, Hammers slip down as new rich list revealed
All the very latest West Ham United news, views and transfer rumours from football.london as Gonzalo Montiel and Ryan Fredericks dominate this lunchtime's headlines
Ireland Funds’ Chief Executive steps down after one year
Mr Cronin intends to spend more time with family and will move back to Ireland
Swiss National Bank Buys 600 Shares of FirstCash Inc (NYSE:FCFS)
Swiss National Bank increased its stake in shares of FirstCash Inc (NYSE:FCFS) by 0.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 82,812 shares of the credit services provider’s stock after acquiring an additional 600 shares during the quarter. Swiss National Bank owned about […]
Chancellor extends coronavirus support for self-employed but for the final time
Rishi Sunak confirmed the scheme would not be coming to an end and that the self employed would be able to claim a grant for the second and final time
The Topsy-Turvy S&P 500 Earnings Picture
I am hard-pressed to see how S&P 500 earnings in this frustrating pandemic will only fall to $125 in calendar 2020. The once hoped-for V-shaped recovery has giv
Stocks rebound on relief at Trump's response to China over Hong Kong
NEW YORK (Reuters) - A gauge of global equities rebounded and crude oil rose on Friday after U.S. President Donald Trump ordered an end to Washington’s special treatment of Hong Kong, a move investors welcomed as unlikely to jeopardize a trade accord with China.
Southwestern Energy: Bullish On Gas Prices, But Clarity On 2021 Hedges Needed
The natural gas markets are poised to rally substantially, as production is declining, while the summer is expected to be abnormally warm. SWN follows a rolling
Trafford Council lends Manchester Airport nearly £13m as part of major loan package
Concerns have previously been expressed about the authority's level of borrowing by its own councillors
Renfrewshire charity bosses warn of pandemic fallout as one in five children live below the breadline
Bosses at both Renfrewshire Foodbank and the Star Project have expressed concerns that more children will be affected due to the additional financial strain placed on thousands of families.
The tragic aftermath of the Windies tour of apartheid South Africa
A new book examines the fall from grace of the West Indies rebel cricketers who toured South Africa, only to become pariahs in their own land.
Month-End Profit-Taking Weighs On Equities As The Euro Pops Above $1.11
Forex Analysis by Marc Chandler covering: Nikkei 225, STOXX 600, USD/CNH. Read Marc Chandler's latest article on Investing.com
Lack of adequate funds, labour among challenges faced by projects in India: Survey
Promoters in the Indian projects fraternity find getting adequate funds at reasonable interest, finding labourers matching the skills of those who have left for their hometown.
Jan-March expansion at 40 quarter low of 3.1%, 2019-20 GDP growth at 11-year low of 4.2%
India Business News: The country’s economic growth in the January-March quarter of 2019-20 expanded at its slowest pace in 40 quarters at 3.1%, dragged down by the manufac
Tesla performance opens door to Elon Musk payday
NEW YORK, May 29 ― Tesla has hit financial marks that let its colourful chief executive Elon Musk reap the first portion of a multi-billion dollar compensation package, the electric car maker said yesterday. Musk has foregone a base salary in exchange for a shot at a fortune in deeply discounted...
CIRCOR International, Inc. (CIR) CEO Scott Buckhout on Q1 2020 Results - Earnings Call Transcript
CIRCOR International, Inc. (NYSE:CIR) Q1 2020 Earnings Conference Call May 29, 2020 09:00 ET Company Participants Scott Solomon - Senior Vice President, Sharon
BNI Syariah sees profit soar in Q1, chances to expand international banking services
BNI Syariah net profit soared 58.1 percent year-on-year (yoy) to Rp 214 billion (US$14.46 million) in the first quarter.
Forbes drops Kylie Jenner from billionaires list
Kylie Jenner isn't a billionaire after all, Forbes as it accused the reality TV star's family of "inflating the value of her cosmetics".
Kohli remains only Indian in Forbes top 100 highest-paid athletes; Federer topples Messi, Ronaldo
The 100 highest-paid athletes earned a combined $3.6 billion this year, which marked a drop of 9% from 2019 due to coronavirus, according to Forbes.
Yen perks up, dollar sags as markets jittery before Trump speaks on China
TOKYO, May 29 ― The yen rose against major currencies today as caution ahead of US President Donald Trump's press conference on China's treatment of Hong Kong triggered safe-haven inflows. The dollar drifted lower against the euro and the British pound but could quickly reverse course amid...
Canadian companies are slow-walking, not running, back to the office
Nearly a third of respondents in a recent survey feel the safest course, for now, is to ask employees who are currently working from home to keep working from home
FALSE: Malunggay and kamias tea cure for COVID-19
While some home remedies may alleviate symptoms of COVID-19, WHO says there is still no registered cure for the disease as of May 29
EE's 5G service reaches 80 locations on first anniversary since launch
The firm said 5G customers are mostly using it to watch more video, with YouTube the most popular app.
Fijian Tuicuvu among list of 5 players in at Davidson's Brive
It was May 2 when Brive announced that 10 players would leave… the Top 14 club have now recruited 5 replacements, including Fijian Setariki Tuicuvu.
Large cruise ships barred from Canadian waters until end of October: Garneau
The cruise-ship season in Canada is all but sunk as Ottawa extends its ban on large ships in Canadian waters until the end of October in an attempt to contain COVID-19.
Autonomous robot chef moves into the kitchen, powered by AI
During the span of the hustle and bustle that many people encounter on a day-to-day basis in their lives, people tend to have activities outside of work that allow them to alleviate the stress from the monotony of life. From catching the new movie at the cinema, attending a sporting event of a favorite team, […]
NYPD cop caught on camera purposely coughing on Bronx man
A plain-clothes NYPD cop purposely coughed on a man in The Bronx amid the coronavirus pandemic, a shocking new video shows.
Life in lockdown: Coronavirus prompts half of French consumers to reappraise ‘value’ of food
During eight weeks of lockdown, or confinement, over half of French people report having changed their view of the social, economic and ecological value of food production.
Madhya Pradesh: Mandsaur farmers produce record 2.85 lakh metric tonne of wheat
An amount of Rs 388.90 crore has already been deposited in the bank accounts of farmers.
Getting New Zealand Open For Business
“New Zealand is open for business, support local, back your backyard.”
Taking Stock: Volatile Friday! Nifty reclaims 9,500; Sensex rallies over 200 points
Sectorally, the S&P BSE Realty index gained 4.5 percent, BSE Oil & Gas index 3.4 percent and BSE FMCG index was up 2.8 percent.
Zoom Stock Is the Tesla of Video Communications
If you think Zoom Video Communications is overvalued, has no moat, and has security issues, just remember that these are all issues Tesla had to overcome as well to deliver amazing shareholder returns.
SBI EMI Moratorium calculation: Additional Rs 4.5 lakh interest on 15-year Home Loan of Rs 30 lakh
SBI EMI moratorium: State Bank of India has simplified the process of stopping the EMIs by initiating an SMS communication to nearly 85 lakh eligible borrowers asking about their consent to stop EMIs.
Williams considers selling F1 team after £13m loss
Williams revealed that they are considering selling the Formula One team after a multi-million pound drop in the company's financial results.
Exports to stay low due to liquidity woes
Businessmen term zero-rating indispensable to remove hardships
Reality check for hot city fringe office markets
Vacancy in city fringe office markets is expected to almost double by the end of next year.
Sudan does an about-turn in US relations
Will Khartoum’s deal to pay compensation for the 1998 bombings change its global stance?
Derivatives Data Shows That Even After 150% Rally, Bitcoin Is Far From Topping Out
Over the past few weeks, analysts have said Bitcoin is finally finding a local top.
UPS Adds Peak Delivery Surcharge To Manage eCommerce Demand Amid Pandemic
UPS will charge an extra fee for companies shipping certain amounts of packages.
Spain lifeguards banned from giving kiss of life because of coronavirus risk
The Spanish life-savers hired to keep foreign tourists and other beachgoers safe on their summer holidays will instead be told to stick to chest compressions and a cardiac balloon pump
Welcome to the Microsoft economy
Stocks were supposed to be mired in a bear market after they plunged in March as the coronavirus pandemic shut business and sent unemployment to its highest rate since the Great Depression. Except they aren't.
Lufthansa Not Ruling Out Bankruptcy Option if Gov't Aid Package Not Arranged, Report Says
MOSCOW (Sputnik) - German flag carrier Lufthansa reserves the right to file for bankruptcy if negotiations with the government over a multi-billion coronavirus-related...
Unexpected joy! - Families welcome Ignite IGL Foundation care packages
AS THE residents eagerly filed on to the compound at the Riverton Meadows Early Childhood Centre, the overcast skies contradicted the buzz of excitement and the lively chatter on the ground. Representatives from the Jamaica Red Cross and the Ignite...
FTSE 100 up as AstraZeneca, GSK climb on vaccine hopes
LONDON, May 29 ― UK shares ended higher yesterday, helped by drugmakers AstraZeneca and GSK as markets looked for more progress in the development of a Covid-19 vaccine, while optimism over the reopening of the economy persisted. The blue-chip FTSE 100 rose another 1.2 per cent after ending...
REX American Resources: A Poor FQ1 Earnings Report Masks Improving Conditions
Ethanol producer REX American Resources reported its FQ1 earnings for the period ending April 30 earlier this week. The report gave investors a first look at th
Used Car Seller Billionaires Ernie Garcia II And Son Accused Of Insider Trading In Lawsuit
The father and son team behind Carvana, the online used car seller, along with the company’s directors and investment firms controlled by the Garcias, allegedly traded on coronavirus fears to buy up shares at “bargain basement prices.”
Profitable Blis points to significant growth
Dunedin company Blis Technologies has posted its second consecutive profitable year and says there remains significant international growth...
Reveal Group is First and Only Partner to Achieve Blue Prism "Double Platinum" Capability Certification
Company Sets New Standard for Intelligent Automation Delivery CapabilitiesNEW YORK & SYDNEY — Reveal Group, a global leader in Robotic Process Automation (RPA) and Intelligent Automation deployments, today announced that it has been recognized by Blue Prism (AIM: PRSM) as the first and only certified Double Platinum Capability and Delivery Provider in the world.
LTO sets NCR license, registration renewal deadline to July 31
As NCR will transitions to GCQ on June 1, residents will now have until July 31 to renew vehicle registration, driver's licenses
Alan Howard’s Hedge Fund Soars 100% in Virus-Fueled Chaos
Billionaire Alan Howard has doubled his investors’ money in the coronavirus crisis.
Investors fear cryptocurrency CEO accused of stealing millions could be on the run
A man accused of stealing millions from Bitcoin investors appears to have made a run for it.
Amazon in talks for new office despite pandemic
Amazon.com Inc. is in talks to rent an office block in Dublin with space for about 750 workers, according to a person familiar with the matter.
Reality check for hot city fringe office markets
Vacancy in city fringe office markets is expected to almost double by the end of next year.
Court Jails Man For $240,000 Romance Scam
The convict, who defrauded his victim, Chantai Meadery in February 2018 through a dating scam, with a promise of "building a future together" in Switzerland, was arraigned by the Port Harcourt Zonal Office of the Economic and Financial Crimes Commission, EFCC, on July 23, 2019 on a 4-count charge bordering on obtaining money by false pretence and money laundering.
Care home resident, 98, is halfway through 100-day charity piano marathon for NHS
Rebecca Parker was inspired by Captain Tom Moore who raised more than £27m by completing 100 laps of his garden before his 100th birthday.
Federer tops list of world's highest-paid athletes
NEW YORK - Roger Federer topped the 2020 Forbes magazine list of highest-paid global athletes announced Friday, leading the lineup for the first time with pre-tax earnings of $106.3 million (95.5
Zscaler Earnings: ZS Stock Soars 26% on Strong Q3 Beats
Zscaler (ZS) earnings for the cloud security company's fiscal third quarter of 2020 have ZS stock flying higher on Friday.
Google's 5 per cent investment would not provide relief to Vodafone Idea: Report
Google's 5 per cent investment, even if it materialises, would be inadequate to solve debt problems at Vodafone Idea, according to a Credit Suisse report.“While Google's investment into VIL wo
Reopen Koyambedu market, other shops, traders urge govt.
Association says alternative site affected business, farmers’ livelihood
Valorant was played by nearly 3 million players a day during closed beta
While Twitch viewers racked up 470 million hours.
Food security and sustainability during the pandemic
The virus provides an opportunity. But will we Take it?Amid rising deaths from the coronavirus worldwide, the World Food Programme (WFP) has warned that the world could face a "global hunger p
McLaren to reportedly cut about 30% of their employees
Over 1,000 employees will lose their jobs at McLaren Group due to restructuring program
EUR/USD: Four reasons for a correction
EUR/USD has hit 1.11 – the highest since March – amid hopes for EU stimulus, dollar weakness but the sharp run may be followed by a temporary rethink
'Global growth worries, US-China tensions likely to keep crude prices choppy'
We may see choppy trade however general bias may be on the downside on global growth worries and US-China tensions.
Tata vs Mistry: SC to hear Cyrus Mistry’s plea for Tata Sons board seat
Mistry wants the SP group firms - Cyrus Investment Pvt Ltd and Sterling Investment Corporation - should be given proportionate representation on the Tata Sons board and all its committees, which allegedly was denied to his family group.
Handicraft exporters to attract global buyers virtually amid Covid curbs
More than 200 exporters to participate in online exhibition from June 1-4
White House Pushes Debunked Fraud Claims In Trump’s Anti-Vote By Mail Crusade
A federal judge has called the voter fraud claims “misleading” and “inaccurate.” But that hasn’t stopped top White House aides...
Russia's Rosneft finds extended oil cuts painful: Sources
Rosneft has told the energy ministry it would be difficult to maintain cuts to the end of the year, as it has had to cut shipments to major buyers, such as Glencore and Trafigura, despite good demand, two sources close to the talks said on condition of anonymity.
SAA's BRPs criticised for delaying rescue plan
The plan was expected to be made public on Friday but the practitioners have asked for an extension to 8 June.
The cities that could benefit most from the UK’s £500 million EV charging fund
According to new research from Uswitch.com, Stoke-on-Trent, Southend and Birmingham are among the cities that could benefit most from the Government’s £500 million ‘Rapid Charging Fund’.
Questions on reopening New York's economy baffle businesses
Some upstate New York business owners who made plans to reopen Friday as the state gradually loosens restrictions put in place during the coronavirus crisis remained close amid last-minute confusion o
India’s housing sector facing its worst-ever crisis: CREDAI
IANS New Delhi Already reeling under liquidity concerns, low demand and high inventory levels, India’s housing sector is facing its biggest-ever crisis
EU promises billions to help companies weather the impact of Covid-19
Investment will focus on healthcare, space, defence, digital and green technologies
Amid lockdown, BBMP nets Rs 1,028 crore in property tax
The BMMP has collected Rs 1,028 crore property tax in the first two months of the financial year 2020-21, reaching 42% of its target amidst the lockdown.
ICSI to conduct online classes for CSEET aspirants
The online classes will begin from June 1. The CS Executive exam will now be held on July 17
Federer tops list of world's highest-paid athletes
Roger Federer topped the 2020 Forbes magazine list of highest-paid global athletes announced Friday, leading the lineup for the first time with pre-tax earnings of $106.3 million (95.5 million euros). The Swiss tennis legend, a men's record 20-time Grand Slam singles champion, becomes the first player from his sport atop…
GSMA, O-RAN Alliance join-up as operators tipped to jump on tech
The GSMA and O-RAN Alliance became the latest organisations to announce joint efforts to help ...
Clean Cooking: 33 Solutions For One Renewable Energy Problem
The latest energy report from the International Energy Agency describes how much more pants-on-fire activity is needed to pump up the clean power trend on the heels of the COVID-19 crisis. For starters, at this rate an estimated 620 million people still won't have electricity by 2030. That's nothing to sneeze at, but it's small
Wipro appoints Thierry Delaporte as CEO & Managing Director
Wipro has appointed Thierry Delaporte as the Chief Executive Officer and Managing Director of the company, effective July 6 this year.Current CEO and MD Abidali Neemuchwala will relinquish his positio
France's tourism industry asks itself: can we save summer?
PARIS/NICE, France (Reuters) - Serge Coeroli has given the shelves behind the bar of his Paris restaurant a new lick of paint, in anticipation of customers returning now that lockdown rules in France are easing.
Travel disruptions, cost cutting key issues for US business in China, says report
BEIJING, May 29 ― Global travel disruptions are the top concern for American businesses in China, of which many are cutting compensation and bonuses amid the fallout of the Covid-19 epidemic, according to a report from a business group. Ninety per cent of the 100 or so respondents said they were...
NIA files chargesheet in Purnea fake currency case
The National Investigation Agency has filed a chargesheet in connection with a fake currency case, reported at Purnea, Bihar.The case relates to the recovery of fake currency having a total face value of Rs 1,90,500.
Union steps in with food vouchers and legal action as Denel fails to pay May salaries
Trade union UASA has set up a fund to assist its members after the embattled state-owned enterprise, Denel, abruptly announced that it would not be able to pay its employees in May. The union says they will be taking the matter to court.
Trexquant Investment LP Purchases Shares of 8,789 Global Blood Therapeutics Inc (NASDAQ:GBT)
Trexquant Investment LP purchased a new stake in Global Blood Therapeutics Inc (NASDAQ:GBT) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 8,789 shares of the company’s stock, valued at approximately $449,000. Other institutional investors also recently modified their holdings of the […]
Hawaii explores ‘travel bubble’ with Japan amid tourism collapse | Honolulu Star-Advertiser
A pilot “travel bubble” with Japan that allows for relaxed travel restrictions between the two destinations might be a way for Hawaii tourism to start coming back from the 99.5% plunge that it took in April.
Boyd Gaming: Vegas Locals Market Spurt Will Drive Faster Recovery Than Strip After June 4th Reopening
The Las Vegas locals market has been one of the strengths of Boyd. Demos suggest a quicker revenue recovery than strip properties. Pre-virus growth showed balan
Faltering Renault to cut 15,000 jobs worldwide, including 4,600 in France
French carmaker Renault said on Friday it was launching talks with unions to restructure some plants and potentially close others as it confirmed plans to cut around 15,000 jobs worldwide to ride out…
We must create more jobs, not give extra money to public servants
Public sector pay rises in the middle of a global pandemic do not benefit the 8 million people of NSW, many of whom are suffering right now.
South Africa’s trade balance swings to R35bn deficit in April
Imports were down 6.5% to R88.03 billion
Off-Strip restaurants fill fine dining niche
High-end dining remains off limits on the Strip, but fine-dining aficionados have off-Strip options.
Ping An Voyager Fund Leads Investment in PlusDental to Enhance Modern Dentistry in Europe
HONG KONG and SHANGHAI, May 29, 2020 /PRNewswire/ -- Ping An Insurance (Group) Company of China, Ltd. (hereafter "Ping An" or the "Group", HKEx:23...
Garrett Motion: Significant Upside Potential But Fragile Financial Situation
Garrett Motion has a solid business with a dominant share of the market. However, the company is in a fragile financial situation with large maturities in 2025
Hap Seng records higher earnings in Q1
KUALA LUMPUR, May 29 — Hap Seng Consolidated Bhd’s net profit rose to RM160.38 million in the first quarter ended March 31, 2020 (Q1) from RM157.98 million in the same period last year. Revenue for the quarter, however, declined to RM1.48 billion from RM1.75 billion previously due to lower...
COVID-19 impact: Get ready for a 15-20% cut in salary offers in UAE
Businesses in the UAE are definitely not in a generous mood when it comes to hiring
If we must have a pay freeze, spare front-line jobs dominated by underpaid women
Any halt to pubic sector pay rises in NSW needs to be short-lived, and the way to recovery must account for the glaring gender pay gap.
Renault plans to cut 14,600 jobs worldwide in race to reduce costs
The measures round off a decisive week for Renault and its Japanese partners Nissan Motor Co. and Mitsubishi Motors Corp., drawing a line under a two-decade era of aggressive expansion
Canadian Western Bank (CBWBF) CEO Christopher Fowler on Q2 2020 Results - Earnings Call Transcript
Canadian Western Bank (OTCPK:CBWBF) Q2 2020 Earnings Conference Call May 29, 2020, 10:30 ET Company Participants Matthew Rudd - SVP, Finance & IR Christophe
Shuttered Canada-US border highlights different approaches to the pandemic – and differences between the 2 countries
The US and Canada have had a long, supportive relationship. But the recent closure of the US-Canada border because of the coronavirus underscores a growing divide between the two countries.
Uber expands it ride options with the Hourly feature: Starts in US from June
Uber expands it ride options with the Hourly feature: Starts in US from June. Will grant flexibility to the custmers during the pandemic
Ruling on plea of sugar mill owned by Sharifs reserved
The plea pertains to the SECP's non registration of the mill's shares.
Theatre gets positive review
A review of operations within the Kelowna Community Theatre suggests only fine-tuning is needed for it to become more efficient and generate additional revenue.
SPECIAL REPORT: BUHARINOMICS, FIVE YEARS AFTER: Diversification agenda falters, gropes for traction
THE Federal Government’s main economic strategy is anchored on diversification of the economic base away from oil dependency.
Amazon in talks for new Dublin office even as virus hits
Amazon.com Inc. is in talks to rent an office block in Dublin with space for about 750 workers, according to a person familiar with the matter.
Go-go bars gone as coronavirus hits Bangkok's sex district
BANGKOK, May 29 — The black leather party masks that performers May and Som wear for their fetish shows in Bangkok are definitely not the sort to stop the coronavirus. Behind closed doors, they practise for the day when health restrictions are lifted and tourists return, but they have no idea...
UK lenders approve almost 1.5m holidays for card and loan payments
Requests to freeze accounts among distressed borrowers continues to grow
SkipTheDishes has seen an 89 percent jump in new restaurants during the COVID-19 pandemic
SkipTheDishes has revealed new data regarding how its business has been faring during the COVID-19 pandemic.
Goldman Takes Bitcoin To Task
Goldman analysts have stated that cryptos such as bitcoin are "not an asset class," as they do not generate cash flow or earnings.
Heralding a new era for agriculture
While the recent reform steps and stimulus package for agriculture will go a long way in boosting farmers’ income, price volatility in perishables continues to be a challenge
Employers slam Victorian Premier's office lockdown
Daniel Andrews has banned workers from returning to offices until at least July.
What Is Audi's Project 'Artemis'?
Audi launches a project that aims to develop an electric vehicle from scratch in just four years. The team also gets to experiment with how to selling it.
Electricity: Buhari approves funding for first phase of Siemens power deal
Nigeria's electricity sector may soon receive a great boost as President Muhammadu Buhari has approved funding for the first phase of a deal with Siemens AG.
India, US could strike a 'smaller' trade deal in coming weeks: Indian envoy
The two countries have been negotiating a trade package to iron out certain issues and further boost two-way commerce
“I cut myself off from Mumbai to write peacefully here,” says Ali Abbas Zafar who is spending lockdown at his dream home in Dehradun
Bollywood celebrities are spending lockdown at different destinations, while few are stuck in Mumbau, others have managed to travel out of the city. ‘
Jobless students stranded in Australia turn to handouts
MELBOURNE, May 31 — Australia wooed hundreds of thousands of international students to its shores with the promise of a first-class education and fun-kissed adventure, but the coronavirus crisis has left many jobless and depending on food handouts. Each day up to 100 students from Asia, Latin...
Sotheby's to sell US$60M Bacon painting in virtual auction
The auctioneer will be in an empty room in London, facing a bank of screens showing colleagues from around the world as they bid on behalf of clients remotely.
National Bank of Greece S.A.'s (NBGIF) CEO Pavlos Mylonas on Q1 2020 Results - Earnings Call Transcript
National Bank of Greece S.A. (OTCPK:NBGIF) Q1 2020 Results Earnings Conference Call May 28, 2020, 11:45 AM ET Company Participants Pavlos Mylonas - Chief Execut
Stocks slip as markets await Trump’s HK response
MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.3%. The Nikkei retreated from a three-month high and, though moves were slight, riskier currencies were under pressure against the US dollar.
Diego Costa given court date for tax fraud case as six-month prison sentence request made
Spaniard in hot water over tax fraud case...
India’s core sector output witnesses biggest ever fall, contracts 38% in April as lowdown hits economy
India’s core sector output contracted 38.1% in the month of April, reflecting how India’s economy has taken a toll as the nation fights the coronavirus pandemic.
Bus owners push for doubling fares
With buses set to hit the roads from Monday, transport owners have started asking for permission to double the fares, because the vehicles would carry fewer passengers to prevent coronavirus
No dog goes hungry, thanks to youth
Madanapalle group resolves to take care of stray dogs
Why some commercial landlords evict tenants and let properties sit vacant
Amid calls for provincial moratorium on commercial evictions, Premier Doug Ford says he doesn't understand why properties sit vacant
Crude futures slip nearly 5% on demand concerns; gain 86.61% in May
In the futures market, crude oil for June delivery touched an intraday high of Rs 2,530 and an intraday low of Rs 2,450 per barrel on MCX.
Renault poised to announce 15,000 layoffs worldwide: union
French carmaker Renault is poised to announce 15,000 layoffs worldwide on Friday as it unveils a plan to boost its profitability and cope with ...
US indicts N. Koreans, Chinese over US$2.5b network to dodge sanctions
WASHINGTON, May 29 — The US Justice Department indicted 28 North Koreans and five Chinese yesterday for operating a money laundering ring that moved billions of US dollars through global banks to avoid nuclear sanctions on Pyongyang. The network processed more than US$2.5 billion (RM10.9 billion)...
Bradley Beal shares interesting story about nearly being traded for James Harden
Bradley Beal has been the Wizards’ unquestioned leader with John Wall sidelined, but it’s crazy to think that he may not have even been on the team in the first place. Beal and Wall hav…
Forbes just revoked Kylie Jenner's billionaire status, saying she's exaggerated her company's success for years. Take a look at how Jenner built her empire.
Forbes now alleges that Kylie Cosmetics has never made as much money as Kylie Jenner and her team claimed.
Neimeth’s share price rises by 114.6% in 2 months
Neimeth International Pharmaceuticals Plc’s share price rose by 9.57 per cent to N1.03 per share on Thursday at the Nigerian Stock Exchange (NSE)....
Trump violating law by not updating budget, outside experts say
The WHite House decision not to update its budget estimates is against the law, an outside group that advocates for fiscal discipline said Thursday.
EUR/USD: Outside overbought territory bulls will keep at the helm
Bulls are in control, as long as the EUR/USD pair remains outside the overbought territory. Nonetheless, Early June's daily chart is painting a mixed
Transfer News: Manchester United to rival Real Madrid in Eduardo Camavinga chase
Manchester United have reportedly joined Real Madrid in the race to sign Eduardo Camavinga. Where is the highly rated French midfielder's next... #EduardoCamavinga #ManchesterUnited #RealMadrid
Crashed Pakistan A320 jet insured for $19.7 million: airline document
SYDNEY/LONDON (Reuters) - The Pakistan International Airlines (PIA) Airbus SE A320 jet that crashed into a crowded residential district of Karachi last week killing 97 people on board was insured for $19.7 million, an airline document showed.
Credit card, personal and MSME loans fall up to 10% during coronavirus lockdown
This is despite the borrowers opting for loan moratorium, which ideally increases the outstanding loan book because the deferred interest and principal get added to the loan amount
COVID-19 Impact on Online Lending: Report
The online lending industry has probably suffered more than any other sector of Fintech during the COVID-19 crisis. Borrowers, both businesses and consumers hav
Layoffs, pay cuts and shutdowns as major South African hotels count R1.7 billion in losses
South African hotel and gaming group Tsogo Sun has recorded R1.7 billion in exceptional losses for the full year ended March 2020, after a nationwide Covid-19 lockdown led to a near-complete closure of its hotels.
Redcape Hotel to reopen pubs as restrictions taper off
Listed pub group Redcape says its primed to reopen its doors on Monday, with new-look properties and changes to how it serves customers in the post-pandemic era.
A Goldman Sachs cryptocurrency report angered true fans
On Wednesday, Goldman Sachs released a report that outlined five reasons that cryptocurrency is not an asset class or a suitable investment .
Investors, scientists urge IEA head to take bolder climate stance
LONDON (Reuters) - Fatih Birol, the head of the International Energy Agency (IEA), faced renewed calls to take a bolder stance on climate change on Friday from investors concerned the organisation’s reports enable damaging levels of investment in fossil fuels.
UN: Virus could push 14 million Latin Americans into hunger
BOGOTA, Colombia (AP) — The US World Food Programme (WFP) is warning that upward of...
No workplace gatherings, socialising among employees when office operations resume after COVID-19 circuit breaker: MOM
SINGAPORE: Employees should not socialise during or outside working hours, even when office operations resume during Phase 1 of Singapore’s ...
MTA ‘confounded’ by CDC push for people to avoid mass transit
MTA Chairman Pat Foye on Friday blasted a new CDC guidance that businesses encourage employees to avoid mass transit. “The CDC’s latest guidance marks yet another confounding
Travel disruptions, cost cutting key issues for U.S. business in China: report
Travel disruptions, cost cutting key issues for U.S. business in China: report
Retail sector braces for more pain as PAS Group collapses
Retailers will need to pull out all the stops to survive the looming recession after another major Australian business succumbs to the coronavirus.
James nearly joined Leeds over Man Utd but Swansea didn't trust them to pay up
Things could have been so different
Young’s says it expects ‘lower sales’ when customers return to pubs
The London-based pub company said it will not pay shareholders a dividend for the past year.
Month-End Profit-Taking Weighs On Equities As The Euro Pops Above $1.11
Equity markets in the Asia-Pacific region were mixed, with Japan, Hong Kong, Australia, and Taiwan seeing selling pressure. The Dow Jones Stoxx 600 is snapping
Pre-school vice-principal among winners of FastJobs Excellence Awards
With pre-schools reopening on June 2, Mrs Maria Reyes is looking forward to her workplace being filled with laughter and joy again - and a little bit of crying "here and there". The 32-year-old vice-principal of Raffles Kidz International told The New Paper: "We are...
Bank of India cuts MCLR by 25 bps
State-run lender Bank of India has decided to reduce marginal cost of funds based lending rate (MCLR) by 25 bps across all tenors.The one-year MCLR of the bank will be now at 7.7% with effect from Jun
USD/CHF dives to 4-week lows, around 0.9600 mark amid notable USD supply
The intraday USD selling bias picked up pace during the early European session and pushed the USD/CHF pair to near four-week lows, around the 0.9600 m
Elon Musk just cleared the first of 12 levels that end in a $55 billion payday. Here's how his elaborate Tesla compensation plan works.
Musk's compensation agreement with Tesla includes 12 "tranches" of stock options that become available only after certain goals are hit.
Novartis to make US researchers' COVID-19 gene therapy vaccine hopeful
Novartis re-entered vaccine making on Thursday, inking a manufacturing deal with a US team whose COVID-19 candidate relies on technology similar to that of the Swiss drugmaker's $2.1 million-per-patient gene therapy, Zolgensma.
UT Bank collapse: State ordered to file relevant documents by June 22
An Accra High Court has ordered the State to file, by June 22, all the documents they intend to rely on in the matter of Prince Kofi Amoabeng, Chief Executive Officer of the defunct UT Bank Ghana and five others, whose alleged roles led to the collapse of the Bank.
Pier 1 Imports gets approval from a judge to liquidate its remaining stores
"This is not the outcome we hoped for when we began this process," the company's CEO said in a statement.
Private equity player Bain Capital in talks to up stake in Axis Bank
In 2017, the lender had approved and conducted a sale of 9 per cent stake to raise Rs 11,626 crore, in a round led by Bain Capital.
Trump signs an executive order about social media platforms
Days after Twitter added 'fact check' to two of US President Donald Trump tweets, calling them 'potentially misleading', the latter has signed an executive order about social media platforms. The order is aimed at limiting the broad legal protections enjo
Mackay Shields LLC Invests $640,000 in MarineMax Inc (NYSE:HZO)
Mackay Shields LLC purchased a new position in MarineMax Inc (NYSE:HZO) during the first quarter, HoldingsChannel.com reports. The fund purchased 61,400 shares of the specialty retailer’s stock, valued at approximately $640,000. Other institutional investors and hedge funds also recently modified their holdings of the company. Acadian Asset Management LLC bought a new position in MarineMax […]
Salesforce shares dip 4% on light revenue, earnings guidance
Salesforce.com Inc. shares were down 3% in after-hours trading Thursday after the enterprise-content platform reported fiscal first-quarter results that were...
Government to negotiate new deal with private hospitals
The current deal to use private facilities during the Covid-19 crisis will not be extended beyond the end of June.
Salesforce Writes Off $25 Million as it Abandons Offices
Salesforce adds that cancelling physical events this fiscal year in favor of virtual experiences cost it $65 million. Salesforce offices meanwhile..
Yes Bank launches overdraft facility on FDs
Private lender Yes Bank has launched an overdraft (OD) facility against fixed deposits (FDs) for its customers through digital channels.
NYC Eyes June 8 for First Phase of Reopening
Also Friday, Gov. Andrew Cuomo cleared a large swath of upstate New York to reopen hair salons, retail shops and offices under strict guidelines.
Minimum Wage Hikes And Handouts -Sounds Like Labour
“It sounds like Labour, is what I’m already hearing about National’s promise to raise the minimum wage regularly while handing out money to businesses,” according to ACT Leader David Seymour
A case study in how not to invest in bank stocks
Stay clear of these complicated investments
Debate over $600 in jobless aid to intensify as claims rise
The money, included in a government relief package enacted in March, is set to expire July 31.
Nick Vile Joins Executive Leadership Team Under Realignment To Promote More Seamless Delivery
oOh!media today announced that Nick Vile, General Manager of its New Zealand operations, has been elevated to the company’s Executive Leadership Team (ELT) as part of a realignment to promote greater cohesion and integration across the business.
Wall Street has billions to lose in China from rising strain
Five big US banks had a combined $70.8 billion of exposure to China in 2019.
Samsung Exclusive Stores in India are now certified for safety by Suraksha
Every Samsung Exclusive Store in India is now Suraksha-certified to ensure consumer safety during the COVID-19 pandemic. Suraksha (meaning 'protection' in Hindi) is a public private initiative that a
Apple’s Deirdre O’Brien in Top Five of Inaugural ‘Queer 50’ Business Leaders List
Apple's VP Deidre O'Brien was named at number of five in Fast Company's first-ever 'Queer 50' list - the highest-ranked tech exec.
Covid effect? Debt Mutual Funds to face multiple headwinds
Since the lockdown was imposed in India to contain the spread of novel coronavirus, weak liquidity of underlying assets and redemption pressures have been a risk to the debt mutual funds.
Former South Korean 'comfort women' leader apologises for 'banking errors'
SEOUL: The former leader of an advocacy group for South Korean victims of Japanese wartime sexual violence on Friday (May 29) denied allegations ...
Sales soar in the sunshine as beer lovers drink at home
Beer sales are soaring as people enjoy the summer lockdown in their gardens.
Indian rupee settles 14 paise higher at 75.62 against US dollar
Forex traders said investors are awaiting the country's gross domestic product data for the January-March quarter, due later in the day, for further cues.
Optimizing Contractor Payments And Productivity For A Flexible Workforce
Management Controls discusses the value of data analytics in ensuring timely, accurate payments to contractors and promoting productivity amid a pandemic.
India's Fiscal Deficit Widens To 4.59% Of GDP
India ended the year with a fiscal deficit of 4.59 per cent of gross domestic product, against the target of 3.8 per cent.
Tasting Australia Will Not Go Ahead in 2020
Originally shelved until October, the state’s biggest food and drink festival will now return in autumn 2021.
Jobless students stranded in Australia turn to handouts
MELBOURNE: Australia wooed hundreds of thousands of international students to its shores with the promise of a first-class education and ...
Unemployment Fraud In Michigan Could Bump Legit Jobless Claims
Michigan residents could fall victim to predatory identity theft scams that make false unemployment benefits claims during the pandemic, the UIA warns.
Ecolab closes sale of Holchem Group to Kersia
Ecolab Inc. (St. Paul, Minn.) closed on the sale of Holchem Group Limited, a U.K.-based supplier of hygiene and cleaning products and services, to Kersia,
Inside Wipro's new CEO appointment: How IT firm got lucky with Thierry Delaporte
Industry observers say that Wipro has been 'sheer lucky' to get him onboard given the tepid performance of the company for over last three-four years
Gender inclusion, the Infosys way
Technology majors are at a huge advantage if they are able to understand how a cross-section of people tend to engage with their technology. With today’s consumer base more diverse and heterogeneous,
US consumer spending plunged the most ever last month as savings spiked to a record high
A drop in spending could have a devastating effect on the US economy, as consumption is responsible for roughly two-thirds of gross domestic product.
Eight US companies will manufacture NASA’s COVID-19 ventilator
Eight US companies will manufacture the ventilator designed by NASA's Jet Propulsion Laboratory and fast-tracked by the FDA.
Alibaba Stock Bulls Shouldn’t Sweat Delisting
A new hurdle for Alibaba stock is a push to delist Chinese stocks over strict accounting rules, but long-term investors should be fine.
The man leading the fight for Australia's second airline
Virgin Australia has been the highest-profile victim of COVID-19. And its collapse has thrown the formerly under-the-radar Vaughan Strawbridge into the spotlight.
Costa Group CEO Harry Debney to bow out
After a volatile decade including a public float in 2015, a profit wipeout in 2019 and steady navigation through COVID-19, the boss is departing.
US-China tension to push Asian shares lower in choppy trade
Asian shares were set to dip in choppy trade on Friday as worries about worsening U.S.-China ties offset the fillip from hopes massive government ...
Kollect reports rise in revenues as Covid-19 hits waste collections
Start-up refocuses sales on construction sites as Irish economy slowly reopens
Mackay Shields LLC Increases Holdings in Vanda Pharmaceuticals Inc. (NASDAQ:VNDA)
Mackay Shields LLC lifted its position in Vanda Pharmaceuticals Inc. (NASDAQ:VNDA) by 16.5% in the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 64,822 shares of the biopharmaceutical company’s stock after purchasing an additional 9,200 shares during the period. Mackay Shields LLC owned 0.12% of Vanda Pharmaceuticals […]
‘Oil revenue may drop further to 25 per cent of budget’
With Nigeria’s revenue from oil and gas dropping by N425.52billion in the first quarter (Q1) of 2020 to N940.91billion, according to the Minister of Finance, Budget and National Planning, Zainab Ahmed
Novavax to buy Serum Institute plant to produce 1 billion COVID-19 vaccine doses
While experts have predicted that a shot will likely take 12-18 months to develop, vaccines are seen by world leaders as the only real way to restart their stalled economies after months of sweeping lockdown
Indian economy slows in March quarter, with worst to come
India's economy grew at 3.
Chevy Working On A Secret New Sports Car
Although all-electric vehicles currently account for a very low percentage of total vehicle sales in the US...
If we must have a pay freeze, spare front-line jobs dominated by underpaid women
Any halt to pubic sector pay rises in NSW needs to be short-lived, and the way to recovery must account for the glaring gender pay gap.
Exclusive: Russia's Rosneft finds extended oil cuts painful - sources
Rosneft does not have enough crude to ship to buyers with which it has long-term supply deals, making it hard for the Russian company to continue ...
California elected officials face no pay cuts despite economic turmoil brought by coronavirus pandemic
Despite millions of people continuing to face unemployment, garnished wages, or pay cuts, elected officials in California can consider their salaries safe from reductions during the ongoing coronavirus pandemic.
Most Americans worry they will never be financially stable
Seven in 10 Americans worry they will never be financially independent, according to new research. And this might be the result of a lack of financial knowledge — the survey of 2,000 Americans
Tokyo stocks close lower on US-China tension
TOKYO, May 29 ― Tokyo stocks closed lower today, snapping a four-day winning streak, with investor sentiment dampened by rising US-China tensions over Hong Kong. The Nikkei 225 index slipped 0.18 per cent, or 38.42 points, at 21,877.89. Over the week, the key index rose 7.31 per cent. The broader...
Google's interest positive but may not help solve Voda Idea's debt woes
Acquisition of a controlling stake by an outsider or a sizable equity infusion by current promoters remains the need of the hour, Credit Suisse said in its latest note
COVID-19: CBN introduces regulatory forbearance for financial institutions
the CBN intervention facilities availed through participating OFIs are granted a further one-year moratorium on all principal repayment effective from March 1, 2020
Tesla (TSLA) gets optimistic outlook from Wall St as Q2’s final month approaches
Tesla (NASDAQ: TSLA) recently received an optimistic outlook from Goldman Sachs analysts, with the Wall St. firm maintaining a “Buy” rating on the electric car maker. The updated price target on the company was posted by Goldman Sachs analyst Mark Delaney, who raised TSLA stock’s target from $864 to $925 per share, AnalystRatings reported. TSLA […]
Who is Thierry Delaporte? Three interesting facts about Wipro’s new boss
Information technology major Wipro has appointed Capgemini Chief Operating Office, Thierry Delaporte, as its new Chief Executive Officer (CEO) and Managing Director.
US stocks slide as traders await Trump's China news conference
US stocks slipped on Friday ahead of President Donald Trump's news conference on China. US consumer spending in April also posted the biggest dr...
Does Gap Inc Have Enough Cash To Survive Covid-19 Demand Shock?
With most retail stores shut and people holding off on discretionary spending, chains such as Gap Inc may be looking at an existential crisis - a big change from typical growth issues they tackle every day. The company’s stock has fallen 50% this year reflecting the demand shock that may push it...
MaiCapital Launches Bitcoin-Based Quant Fund
MaiCapital Limited today announced this week the launch of its second crypto-themed quantitative hedge fund, Bitcoin+ Investment Fund1.
Trump announces US withdrawal from the World Health Organization
German health minister decries ‘disappointing backlash for international health.’
Canopy posts $1.3-billion loss on impairment and restructuring charges; shares tumble
Ontario-based Canopy Growth’s net loss attributable to the company widened to $1.30 billion, or $3.72 per share, in the quarter ended March 31, from $379.5 million, or $1.10 per share, a year ago
It Looks as If American Airlines Stock Is Set for a Big Return Next Year
American Airlines Will Fly with lower capacity but first must wait for passenger traffic levels increasing
The Smartest Stocks to Invest $2,500 Into Right Now
Your pocketbook will thank you if you hang onto these quality companies for the long term.
Madison Wealth Management Buys 1,967 Shares of Amazon.com, Inc. (NASDAQ:AMZN)
Madison Wealth Management boosted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 666.8% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,262 shares of the e-commerce giant’s stock after acquiring an additional 1,967 shares during the period. Amazon.com accounts for about 1.8% of Madison Wealth […]
What markets in north Nottinghamshire will look like when they reopen
Government lockdown guidelines allow them to reopen on June 1
PARTLY FALSE: First Philippine Holdings 'made P24.6B profit, but only paid P10M income tax'
The P10 million that First Philippine Holdings Corporation paid in income tax is part of a total of P5.175 billion in income taxes that the company and its subsidiaries paid in 2019
Two-Mile-Borris' Blackcastle Farm sausages for Aldi from this Sunday
The amazing 1% fat beef sausages will be on sale from this Sunday for a week as part of Aldi Grow project
'No oral test for posts up to pay level 5'
J&K government has directed that there shall be no oral test for posts up to and including Pay Level 5 (Rs 29,200-92,300) and the selection for all
Gold price flat ahead of Trump’s Hong Kong response
Spot gold was unchanged at $1,718.60 per ounce by 0616 GMT. US gold futures rose 0.2% to $1,716.50.
The average cost of car insurance in the US
The average cost of car insurance varies by the state you live in, your driving and credit history, age, years of driving experience, and more.
ACT govt rules out business loans and grants, hospitality package welcomed
Chief Minister Andrew Barr says assistance for other ailing sectors is being considered.
Jubilant Life Sciences posts Rs 260.49 crore profit for March quarter
Consolidated revenue from operations stood at Rs 2,391.41 crore for the quarter under consideration as against Rs 2,385.58 crore for the same period year ago, it added.
Auto sector will feel the maximum pain this year: Prashant Jain
‘The impact on wages is significant and auto is a discretionary product
Modine Manufacturing's (MOD) CEO Tom Burke on Q4 2020 Results - Earnings Call Transcript
Modine Manufacturing Company (NYSE:MOD) Q4 2020 Earnings Conference Call May 29, 2020 9:00 AM ET Company Participants Kathy Powers – Vice President, Treasurer,
Why Growth Will Continue To Outperform 'Traditional Value'
Growth investing has handily outperformed traditional value investing over the last ten years, a trend which has been exacerbated since the pandemic. Traditiona
Tesla performance opens door to Elon Musk payday
Tesla has hit financial marks that let its colorful chief executive Elon Musk reap the first portion of a multi-billion dollar compensation package, the electric car maker said Thursday.
Job-seekers targeted in upfront fee scam
Recruitment firm claimed farm workers needed criminal background checks
Watch: Passengers on special train headed to Mizoram hand food to Assam flood victims
Facebook user Emanuel Ralte, who shared the video on Facebook, wrote, "Our Mizo brothers, on their way from Bangalore help victims of Assam floods with little food they had with them."
Brighthouse Financial Inc: A 6.75% Preferred Stock IPO From This Life Insurer
Brighthouse's new preferred stock, BHFAO, is currently trading above its par value. The common stock does not pay dividend, but the company holds almost $9 bill
One of the world's oldest bottle of Cognac sells for over €130,000
The bottle, known as "Grand Frere", was produced in 1762 by Maison Gautier in France.
Travel disruptions, cost cutting key issues for US business in China: report
Global travel disruptions are the top concern for American businesses in China, of which many are cutting compensation and bonuses amid the ...
SPECIAL REPORT: FOREX: Dynamic instability amidst CBN’s interventions
NIGERIA’S foreign exchange market under the five years of the Muhammadu Buhari Presidency is characterised by two bouts of naira
California to vote on business tax hike worth up to $12B
California voters in November will decide whether to increase property taxes on commercial and industrial land to raise up to an estimated $12 billion annually for public schools and city halls across
Over $100,000 Goes To Support Whanganui Businesses Through COVID
Whanganui & Partners has distributed over $100,000 to Whanganui businesses to support them in adapting to challenges caused by COVID-19.
Record-breaking spring sunshine boosts British strawberry crop
Tesco berry buyer Laura Mitchell said the good weather has resulted in ‘exceptionally good quality and sweet strawberries’.
Cane arrear reaches Rs 17,134 crore so far in 2019-20 season: Centre
India Business News: NEW DELHI: Cane dues to be paid by sugar mills to farmers have reached Rs 17,134 crore so far in the 2019-20 season that will end in September, accord.
Covid-19 to have ‘very significant impact’ on Coillte
The chief executive of Coillte, Imelda Hurley, has said the coronavirus pandemic will have “a very significant impact” on the business for at least this year.
Bank mortgage lending is drying up in South Africa
The South African Reserve Bank (SARB) says that banks have adopted a relatively conservative approach to mortgage lending.
Furious Niger Gov revokes road contract - The Nation Nigeria
Niger Governor Abubakar Sani-Bello has ordered revocation of a road project by Jajove Solutions Services(JSS) in Suleja.He accused the...
Analysts welcome reduction of lending rate by CBN
Financial analysts on Friday said the reduction of the monetary policy rate from 13.5 to 12.5 per cent, as announced by the Central Bank of Nigeria would
Lockdown shopping: Chocolate chips, frozen pizza up, energy bars nosedive
Americans bored at home during the coronavirus lockdown are rediscovering their love of baking and cooking, reversing a decades-long trend that has reshaped the grocery store experience.
Challenger bank Starling raises additional £40m
Fintech led by former AIB chief operating officer, has now raised £363m to date
Kangana Ranaut aims to become one of the richest people in India by 50
Kangana Ranaut has had an ambitious career despite the criticism she has faced over the years. She is now planning to rise to the top, not just career-wise but financially as well. “To be honest, I never thought I’d come this far. I never had these as my primary ambitions. I didn’t have material ambitions. […]
COVID-19: AMCON seeks aviation sector bailout - Premium Times Nigeria
The Asset Management Corporation of Nigeria (AMCON) has asked the federal government to bailout the aviation sector...........
New Zealand Cricket set to cut jobs amid coronavirus pandemic
New Zealand Cricket looks set to cut it's workforce by 10-15 percent as it forecasts significant cuts to revenue due to the coronavirus pandemic.
Senate Democrats pump brakes on new stimulus checks
House Democrats looking to deliver another round of $1,200 relief checks to Americans are encountering skepticism from an unexpected source — fellow Democrats in the Senate.
Why Is Facebook for Remote Work? It Wants Pay Cuts
The company seems intent on reining in tech wages by hiring all over the country at lower salaries.
Covid-19: US airlines leave $29 billion aid fund untapped in bet on rebound
Although the four largest US passenger airlines have applied for the Treasury Department program, only American Airlines Group Inc. has said it intends to tap the pool of funds.
Costco Reports Revenue Beat Despite First Monthly Sales Drop in a Decade
Fiscal third-quarter revenue beat expectations, though COVID-19 impacts caused an April comparable-sales drop that marked the first year-over-year decrease in over a decade.
Here's what Facebook employees are saying about Zuckerberg's decision not to remove Trump's threats of violence
“If we fail the test case here, history will not judge us kindly.” Leaked internal Facebook posts reveal that Facebook employees are horrified that Mark Zuckerberg and C-suite executives refuse to …
The number of coronavirus tests done in every province in South Africa
New data presented by the National Health Laboratory Service (NHLS) reveals how many Covid-19 tests have been conducted in South Africa across all provinces to date.
Lupin reports 25% fall in pre-tax profit at Rs 412 cr in Q4 on low sales
On a sequential basis, however, the company fared better, both in terms of sales and profits. The stock ended day's trade at Rs 869.8, down 1.3 per cent.
EasyJet and Carnival poised to exit FTSE 100 as virus hammers travel firms
Avast, Homeserve, Ladbrokes owner GVC and Convatec have been earmarked as the most likely firms to move into the index.
Scrapping of 7.75% savings bonds to hit savers, pensioners
According to fund managers and analysts, the 7.75 per cent Savings (Taxable) Bonds, 2018 was the favourite investment option for savers and pensioners who considered these bonds as safe and generating adequate returns.
Number of FDI projects in Northern Ireland fell last year, but report finds US investors largely unfazed by Brexit
THE number of foreign direct projects in Northern Ireland fell by 15 per cent last year, but a new survey from EY suggests overseas investment should remain relatively resilient despite the impact from coronavirus.
Amazon.com, Inc. (NASDAQ:AMZN) Stock Position Increased by Mogy Joel R Investment Counsel Inc.
Mogy Joel R Investment Counsel Inc. increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.1% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 17,475 shares of the e-commerce giant’s stock after buying an additional 24 shares during the quarter. Amazon.com comprises […]
Morning top 5: COVID-19 latest; Brexit memo; and Women's Aid calls
The two-week quarantine period for people arriving into Ireland from abroad may be lifted for som...
Uber Says AB5 Could Cost 158,000 Drivers Their Jobs
If Uber is forced to classify drivers in California as employees, 158,000 will be out of work, the company said. Passengers could see prices rise by 120 percent.
MPIC aid to help fight Covid-19 hits P348 Million
Infra conglomerate shows compassion via “Tulong-Kapatid” Makati, Philippines, 26th May 2020 - Donations of key anti-Covid 19 goods and initiatives, namely, food, water, medicines and Personal Protective Equipment (PPE) from Metro Pacific Investments Corp. (MPIC) and its subsidiaries, reached P348 million this week.
Cigarette ban threatens to bankrupt companies
The ban on the sale of cigarettes is one of the most controversial regulations in place as part of South Africa’s COVID-19 lockdown.
Debt market’s love for G-Secs & PSU papers is here to stay
Risk of a high-quality portfolio is volatility, as underlying securities are traded frequently.
Lockdown shuts 8 companies for good
EIGHT businesses have closed their doors, more than 25% of businesses temporarily closed, and 50% of those who operated, did so below their production capacity – all due to Covid-19 measures.
Owner of Dublin restaurant and pub group ordered to pay ex-girlfriend €104,000 for unfair dismissal
In her hard-hitting ruling,WRCAdjudication OfficerNiamhO’Carroll Kelly found that theunnamed business owner 'took advantage of his personal relationship with the complainant in an attempt to force her out of the company so as to ensure minimal financial impact on the company'
Bank of Montreal to Issue Quarterly Dividend of $0.76 (NYSE:BMO)
Bank of Montreal (NYSE:BMO) (TSE:BMO) declared a quarterly dividend on Wednesday, May 27th, Zacks reports. Shareholders of record on Tuesday, August 4th will be given a dividend of 0.76 per share by the bank on Wednesday, August 26th. This represents a $3.04 dividend on an annualized basis and a yield of 6.04%. The ex-dividend date […]
When Kareena Kapoor Snubbed Karan Johar At An Event Post Their Fallout Over Kal Ho Naa Ho!
A few days ago, Kareena Kapoor Khan wished her filmmaker Karan Johar with a sweet post on his birthday. However, do you folks know that there was a time when KJo-Bebos friendship hit a rough patch? In his memoir, An Unsuitable Boy, Karan revealed that he and Kareena had a major fallout during Kal Ho Na Ho.
Amazon looks to offer full-time jobs to thousands of Arizona seasonal workers
After announcing in March that online retail giant Amazon.com Inc. would hire 6,500 seasonal, part-time employees in Arizona to cope with increased demand for products amid the spread of the coronavirus, the company is looking to turn many of those jobs into full-time positions.
Star Media Group records Q1 net loss of RM3.98m amid Covid-19 pandemic
KUALA LUMPUR, May 29 — Star Media Group Bhd today reported a net loss of RM3.98 million for the first quarter ended March 31, 2020. The Edge Markets, citing a filing to Bursa Malaysia today, reported that the group’s quarterly revenue declined 20.36 per cent to RM65.76 million from RM82.57...
The 5 Best 5G Stocks on the Market Today for Investors
From chipmakers to wireless networks, these 5G stocks offer potential investors a few different angles to play the upcoming 5G rollout.
Pharma chiefs see coronavirus vaccine by year-end, but challenges 'daunting'
LONDON, May 29 — Pharmaceutical company executives said yesterday that one or several Covid-19 vaccines could begin rolling out before 2021, but warned the challenges would be “daunting” as it was estimated that 15 billion doses would be needed to halt the pandemic. Well over 100 labs around...
India's Test series can happen in as little as one venue depending on circumstances: Cricket Australia
Cricket Australia has not ruled out the possibility of the COVID-19 pandemic forcing a change in the schedule for India's tour of the country with the board still keeping the door open for hosting...
Spykar Lifestyles makes a return to the new normal; resumes operation in 37 stores
The company which in all runs 350 stores across the country, claims to have got 45-55% of its business back
Madison Beer Apologizes For ‘Poor Timing’ Of Plastic Surgery Rant, Raises Money For George Floyd Causes
Madison Beer is speaking out after being hit by backlash over an emotional video she shared about a controversial subject. On Thursday, Beer took to Twitter to defend a TikTok video defending herself against claims that she underwent plastic surgery, becoming emotional when she insisted that "this is literally my f**king natural face... I'm about…
Williams may sell F1 team
Williams also announced on Friday that it had served notice to terminate its relationship with title partner ROKiT and major sponsor ROK Drinks
Invoice Insurance Provider Nimbla Partners Wiserfunding, a Credit Risk Assessment Platform, to Enhance Business Operations
Nimbla, an invoice insurance provider, has partnered with Wiserfunding, a credit risk assessment platform that uses AI tools to evaluate business risk profiles.
China ahead of India in South Asian trade and investment
The Island / ANN China has made inroads into South Asia by bolstering trade and investment with Nepal, Afghanistan, the Maldives, and Sri Lanka, and this mainly reflects the region’s strategic importance for China’s Belt and Road Initiative (BRI), particularly the smaller South Asian countries, says a new study.
ViacomCBS slashes up to 400 jobs as part of merger restructuring: source
ViacomCBS Inc is cutting up to 400 employees across CBS as part of its plan to save US$750 million from its merger with CBS, a source familiar ...
China's cover-up of Covid-19 led to global pandemic and loss of a million lives: Trump
China has total control over WHO despite only paying $40 million a year compared to what US has been paying, which is approximately $450 million a year, says Trump
Singapore top source of FDI in FY20 with investments worth $14.67 billion
According to experts, Singapore has been able to outpace Mauritius with its ease of doing business policies, simplified tax regime and a large number of private investors.
AU$721 million in robo-debts to be returned as Australian government admits error | ZDNet
Services Australia has identified 470,000 debts raised wholly or partially using income averaging of ATO data.
Reports: Klopp Phones Koulibaly About £63m Transfer
With Jurgen Klopp seemingly looking for a centre-back partner for Virgil van Dijk, the Liverpool manager has reportedly given African star Kalidou Koulibaly a phone call about a potential £63 million move.
Buhari: Close to a billion dollars stolen under Abacha
President Muhammadu Buhari says Nigeria wishes to benefit the world and not to forever be in the need of aid.
No hearing held of Mir Shakil-ur-Rahman's bail plea
MSR's arrest has been classified as the eighth-most urgent case in threat to press freedom, according to Time Magazine
Formula 1: Williams considers sale of team as board struggles from £13 million loss in 2019
Williams said on Friday it was considering selling its once-dominant but now struggling Formula One team as part of a strategic review.
PIC wants Eskom bonds turned to equity
SOUTH African state asset manager the Public Investment Corporation has submitted a proposal to the government on converting bonds it holds in struggling state utility Eskom into equity.
Traditional owners score big win over Fortescue
Andrew Forrest's Fortescue Metals Group facesa huge compensation claim after High Court rebuff.
Banks free to do due diligence on guaranteed MSME loans
Banks and shadow lenders have been given the flexibility to do their own due diligence and restrict advances below the stipulated limit on sound business principles.
Roger Federer ranked by Forbes as sports' top earner at $106 million
Roger Federer earned $106 million pre-tax to helm the Forbes list, edging out Cristiano Ronaldo and Lionel Messi, who have held the No. 1 spot in three of the past four years.
Mortgage Rates Hit New All-Time Low, But Rushing To Refinance Might Not Be Necessary
Mortgage rates hit yet another record-breaking low, but rushing to refinance may not be necessary.
The Time For The Soybean Bull Market Has Not Come Yet
The current soybean futures price is at the minimum of its five-year range. The first USDA forecast allows us to hope that the U.S. soybean ending stocks will d
Stocks Turn Positive After Trump Keeps Phase One China Trade Deal Intact
Trump took a more confrontational approach with China on Friday.
Greece to open to tourists from 29 countries from June 15
Europe News: ATHENS: Greece said on Friday it will open to visitors from 29 countries from June 15, days before its peak tourism season begins.
T20 World Cup Under 'Very High Risk' of Being Postponed: Cricket Australia
Cricket, like other sports, has come to a grinding halt with the world struggling with the ongoing coronavirus crisis.
Another $650M in COVID-19 aid bound for Indigenous communities, Miller says
OTTAWA — Federal Indigenous Services Minister Marc Miller says the federal government will spend another $650 million to help Indigenous communities cope with the COVID-19 pandemic.
Threshold are calling for an immediate extension on the ban of evictions and rent increases
Threshold, an Irish housing charity, has today called for an extension on the ban currently in place on evictions and rent increases, which is due to...
Statistics Canada expected to report GDP down nine per cent in March
Canada's economy had its worst quarterly showing since 2009 through the first three months of 2020, and may be headed to an even steeper drop, as steps taken to slow the spread of COVID-19 forced businesses to close and lay off workers.
Franklin Templeton’s legal troubles rise as Madras HC issues notice
The court sought a status report from Sebi on the refund process.The matter would be next heard on 26 June
Iconic luxury department store Harrods to open its first outlet location in a bid to shift excess stock that has built up in its store during the lockdown
Harrods outlet store opens at Westfield shopping center in London in July.
Osaka will let clubs, bars and gyms reopen on Monday
To reopen, the facilities will be required to make a list of customers and introduce a system for the tracking of infected people using QR codes.
Cate Blanchett to star in 'Borderlands' movie
May 29 (UPI) -- Cate Blanchett will star in the upcoming Borderlands movie.
Swedish banks join forces to fight money laundering
The five largest banks in Sweden have teamed up with the country's police to launch an anti-money laundering initiative.
Twitter says CEO Dorsey informed in advance of decision to tag Trump tweet
Twitter CEO Jack Dorsey was informed in advance by the company's staff of a decision to tag a tweet by President Donald Trump as "glorifying ...
Tesla could build another Gigafactory in the UK: report
Tesla may have a new Gigafactory coming to the United Kingdom, according to recent reports. The UK Government is reportedly looking for a four-million square foot site to accommodate a new production facility for the electric car maker. The Department for International Trade (DIT) is heading the search for a plot of land that is […]
Hunter Business Lions Club donate vouchers to Northern Settlement Services and Nova for Women and Children
Hunter Business Lions Club has donated $800 worth of vouchers to two services that support women, families and migrants in need.
Bharti Infratel hits over 3-month high; zooms 100% from March lows
The stock rallied 8% per cent to Rs 243 in the intra-day deals today, and was quoting at its highest level since February 14, 2020 on the BSE
‘Air passenger demand to plummet 47% in 2020’
Revenues likely to fall $11 bn: IATA CEO
Powell speech: Evidence on whether negative rates work is mixed
The Federal Reserve's Main Street Facility is very challenging because of the wide diversity of companies, Jerome Powell, Chairman of the Federal Rese
Canada's economy falls by 8.2% annualized in Q1, better than expected, USD/CAD shakes
-- more to come Canada was expected to report an annualized fall of 10% in first-quarter Gross Domestic Product. The nation's provinces entered lockdo
NYC tanning salon owner fined $1,000 for reopening: 'It's insane what's happening'
A New York tanning salon owner who was fined $1,000 for reopening in defiance of the state's coronavirus lockdown order said Friday that he is already "broke," as are other members of his community.
Powell: Fed to soon begin 'challenging' Main Street lending
Federal Reserve Chair Jerome Powell acknowledged Friday that the Fed faces a major challenge with the launch in the coming days of a program that will lend to companies other than banks for the first time since the Great Depression. The Fed's Main Street Lending is geared toward medium-sized companies
French carmaker Renault announces 15,000 job cuts worldwide
Renault, the French carmaker announces its cost-cutting plan of over three years. Renault will have 15,000 job cuts worldwide
KEC International Q4 profit down 3% to Rs 193 crore
The global engineering, procurement and construction (EPC) major had clocked a profit of Rs 198.76 crore in January-March 2018-19, it said in a filing to BSE.
Long Odds: China's bet on REITs draws skeptics
SHANGHAI/BEIJING — China’s plans to introduce real estate investment trusts (REITs) mark a crucial step to get private money to fund infrastructure such as toll roads and sewage systems, but authorities have their work cut out in creating a fully-fledged market.
We’ll probably lose 1-2 years of our economic life to Covid: Indranil Sengupta
‘Indias GDP may contracts 1.3 per cent in benign case, and go up to minus 5 per cent in worst case
Exclusive: Argentina says new debt revamp proposal in right direction, still falls short
Argentina's economy minister said on Friday that a newly received debt restructuring proposal from two creditor groups was a step in the right ...
US cuts ties with World Health Organisation over coronavirus response
President Trump said the US would be ‘redirecting’ the money to ‘other worldwide and deserving urgent global public health needs’.
Deep Dive: Preventing Fraudsters From Exploiting FIs’ Omnichannel Blind Spots
This Deep Dive examines how fraudsters perpetrate cross-channel schemes and how FIs use link analysis and behavioral analysis to detect such crimes.
Adorable orphaned fawns
Two fawns have been rescued after a cougar killed their mother on B.C.'s Sunshine Coast.
Liv Morgan responds to Kehlani; wins fans' hearts
Liv Morgan understands that as a public figure, it's her responsibility to not only ask for change but be one herself!
Most actively traded companies on the TSX
TORONTO — Some of the most active companies traded Friday on the Toronto Stock Exchange: Toronto Stock Exchange (15,192.83, down 69.90 points.) Bombardier Inc. (TSX:BBD.B). Industrials. Down 3.5 cents, or 7.29 per cent, to 44.
Magic Leap CEO Rony Abovitz to Step Down After Company Fails to Deliver
Magic Leap CEO resignation comes weeks after company lays of 1,000 employees and warns of closure without capital injection.
Money whitening scope to widen
The government may allow uses of untaxed or black money in all sectors to boost investment and create jobs as part of its efforts to pull the economy out of Covid-19 wreckage.
No surprise as Carlos Hyde will count $2.75 million against Seahawks’ salary cap
Hyde's signing became official this week, and the contract calls for him to make a base salary of $1.5 million with bonuses of $1.25 million that give it a salary-cap...
The daily business briefing: May 29, 2020
Another 2.1 million Americans file unemployment claims, Trump signs an executive order targeting social media, and more
SaskTel will continue to waive data overages until June 8
Starting June 9th, SaskTel says it will begin charging overage fees again. However, people's data caps should reset that day as well.
Number of women dying by suicide increased by almost 50% last year
CSO report shows a total of 421 lives were lost to suicide in 2019
Vancouver’s restaurant patios to expand onto sidewalks, curbside street spaces
The move is intended to help restaurants, now allowed to open with restrictions as part of British Columbia’s coronavirus pandemic plan, survive with less indoor seating
Fishers confirm immediate closure of its Perth laundry
“This has been an incredibly hard decision, closing a good laundry and losing great people, many with long service"
Editorial: Take hard look at Young Brothers plea for coronavirus relief aid | Honolulu Star-Advertiser
By the time much of Hawaii’s cargo reaches its final destination, Young Brothers LLC has touched it at some point. So alarm bells clanged loudly when the interisland shipper announced that the pandemic-related economic slump has pushed the company to the brink of its own shutdown.
No decision taken on setting up bad bank: Finance Minister official
The finance ministry on Friday said there is no decision taken on the proposal of setting up of a government-sponsored bad bank to help ease pressure on lenders with regard to non-performing assets
Southwest Is a Much Better Pick Now Than American Airlines Stock
Investors looking to play the rebound in airline stocks should pass up AAL stock because the firm's shaky finances will hurt its recovery.
COVID-19 Watch: Hotels, airlines look for new revenue streams, hold on to cash to tide over liquidity crunch
Other steps like drastic cost control and a sharp reduction in future supply addition are also in the offing.
The Week in Ransomware - May 29th 2020 - Quiet before the storm?
For the most part, this week has been fairly quiet with not a lot of new ransomware released and only a few large-scale ransomware attacks.
Planning for major projects at industrial and residential development underway
More than a fifth of the 170 hectares of commercial land available at the country’s largest industrial and residential development have now been sold as businesses look to establish large scale local operations in a post-COVID environment.
India's economy may have grown at slowest in 2 years during March quarter
The full impact of the lockdown on manufacturing and services will become more apparent in the June quarter, with Goldman Sachs predicting a 45% contraction from a year ago
SBP reserves fall $55m to $12.07b
Drop comes on account of external debt repayments
Whirlwind few months for bike shop owners
It’s been a whirlwind few months for Canterbury bike shop owners Paul and Monique Brake who are currently riding a wave of cycling resurgence. The...
Slovak startup GymBeam nabs around €6 million for its fitness brand
Slovakian startup GymBeam, one of the fastest growing fitness brands in Europe, has landed an investment of around €6 million, which it will use to push its brand across Central and Eastern Europe. Founded in 2014, the Slovak e-commerce platform focuses on fitness, nutritional supplements, functi
PUDR sees ‘malafide intentions’ in NIA taking Navlakha to Mumbai
NIA’s actions had rendered his bail application in Delhi meaningless, it says
Williams reveals it is for sale
Backmarker Formula 1 team Williams has admitted it may be sold.
Students upset as some Canadian universities hike tuition fees
Some Canadian universities are raising tuition fees for the new school year much to the consternation of students, who argue their costs should be going down, not up in light of the COVID-19 pandemic.
Aquaculture industry set to be a boon for Northern Australian economy
Northern Australian aquaculture is set to increase its production five-fold to exceed $1.34 billion in value and produce more than five times its current volume of fish, prawns and other seafood products ...
These were the 10 biggest European tech stories this week
These were the 10 European tech stories this week
After Vedanta, Adani Power to go for delisting; board meet on June 3
The conglomerate has so far maintained a strategy to incubate a business and monetize it through public listing at a later stage.
Delhi HC vacates order restraining Vedanta from invoking bank guarantees
Senior advocate Harish Salve appearing for the Vedanta submitted that at the outset the law relating to Bank Guarantees is very well settled
Wipro appoints Capgemini’s Thierry Delaporte as new CEO, MD
India Business News: Wipro said it has appointed Thierry Delaporte as its chief executive officer and managing director to replace outgoing Abidali Neemuchwala. Delaporte,
A Brief History of Workplace Design and Where it Might be Headed Next
How workplaces have evolved over the last 50 years and how they might evolve after COVID-19
After Infosys, now Wipro hires a Capgemini top executive as CEO & MD
Appoints French IT services firm's COO Thierry Delaporte for its top post
East African Portland Cement To Fire More Employees
The East African Portland Cement Company (EAPCC) has announced fresh lay offs through voluntary early retirement for all employees.According to acting managing director Stephen Nthei, the scheme i
Water And Wastewater Price Changes From 1 July 2020
Prices for water and wastewater services in Auckland will increase by 2.5 per cent from 1 July 2020.
Saudi Arabia Moved $40 Billion in Reserves to Sovereign Fund
Saudi Arabia transferred 150 billion riyals ($40 billion) from its central bank to its sovereign wealth fund as it went on an investment spree seeking to take advantage of recent market turmoil.
NIIT Technologies share buyback issue opens; 10 key things to know
The IT company proposed to raise Rs 337.46 crore through the buyback offer.
'Space Force' Star Ben Schwartz Has A Jean-Ralphio-esque Idea For Tweeting On The Moon
If you couldn't tell from his name alone, Ben Schwartz's Space Force character F. Tony Scarapiducci is essentially a mix between Anthony Scaramucci and the social media brand F*ckJerry (he's referred to as "F*ckTony" several times throughout Season…
CVS opens 1,000 drive-through COVID-19 testing sites across 30 states
May 29 (UPI) -- U.S. pharmacy chain CVS on Friday opened 1,000 additional COVID-19 drive-through test sites at locations across more than 30 states and in Washington, D.C.
Give us too the benefit of credit guarantee scheme: urban co-op banks to FM
UCBs are financially sound and are a key funding source for MSMEs, says petition
Nissan tight-lipped about strategy for Africa as it ‘transforms’
After announcing R3bn investment in its Rosslyn plant for the new Navara pickup last year.
The Globe’s stars and dogs for the week
A humorous look at the companies that caught our eye, for better or worse, this week
Brewdog launches Barnard Castle Eye Test Hazy IPA
BREWDOG has announced the launch of Barnard Castle Eye Test IPA. The tongue-in-cheek beer has been produced following an overwhelming response to the beers proposed production over the Bank Holiday…
What every Canadian investor needs to know today
A look at the morning’s market action
'World's biggest Airbnb': Approved 13-bedroom house not to be used for short-term letting
The $1 million house and pool must not be used for tourist accommodation.
Germany, Brussels seal pact on Lufthansa rescue plan: sources
Germany and the European Commission have reached agreement on a giant Berlin-funded rescue plan for coronavirus-hit Lufthansa, a Commission spokeswoman and a source close to the negotiations said Friday.
Soas to slash budgets and staff as debt crisis worsens in pandemic
Fears of takeover after auditors question whether London-based institution can continue
South African tobacco firms, associations seek court action over cigarette sales ban
JOHANNESBURG (Reuters) - A raft of South African tobacco companies, activists and associations are seeking legal action over the ban on cigarette sales during the country’s coronavirus lockdown.
US major airlines roll out more options to avoid staff lay-offs
The top three U.S. airlines, hit hard by the coronavirus pandemic, are rolling out fresh programs to induce tens of thousands of employees to ...
Debate over $600 in jobless aid to intensify as claims rise
The $600 in federal benefits was added as a way to replace all of an average worker’s lost income.
NIA ‘Hurriedly Transfered’ Navlakha: Court
Delhi High Court has pulled up the National Investigation Agency (NIA) for
Downtown shows resiliency
Coming off record attendance at public events in 2019, the Downtown Vernon Association has faced unexpected challenges – as has the rest of the world – in 2020.
Niti Aayog explains how India can access carbon credits worth $50-60 billion
In India, there has been a long history of farming that is based on traditional and environment-friendly practices. The state of Sikkim became the first-ever organic state in the world and was awarded the UN Future Policy Gold Award, 2018.
Apollo Global Management: For When Blood Runs The Street
Apollo used the corona-downturn to its advantage. Increase in permanent capital makes the business more stable. Funds are being raised, and deals are being made
WTI struggles to cheer USD weakness, drops 1.40% in Asia
WTI seesaws around $33.35/40 during the early Friday’s trading session. The energy benchmark seems to fail in cheering the US dollar weakness amid fea
Transport fare rises despite drop in petrol price in April
The price paid by passengers for bus, motorcycle and water way journeys rose despite the decline in the petrol price in April.
Virgin Media high street stores won't reopen after lockdown
Virgin Media shifts from high street to online.
Epstein estate reaches deal with US Virgin Islands attorney general on victims compensation fund
A deal regarding a fund to compensate the dozens of alleged sex-trafficking victims of Jeffrey Epstein has been reached between the late financier's estate and the attorney general of the U.S. Virgin Islands following an impasse.
Origin turns to gaming to fend off disruption
Origin Energy has teamed up with a computer game platform to offer customers rewards, one of several innovation strategies to keep ahead of a rapidly changing market.
US cuts ties with World Health Organisation over coronavirus response
President Donald Trump has said the US will be terminating its relationship with the World Health Organisation.
NEA: I See Reasons To Remain Long
NEA continues to trade at an attractive discount to its underlying value. Investment grade munis have a positive spread over treasuries on all points on the yie
Vodafone Idea Denies Reports Of Likely Stake Sale Talks With Google
On Friday, Vodafone Idea shares rose 12.71% to Rs 6.56 apiece on the BSE on reports of a likely stake sale deal with Google.
Newmark Capital tipped as buyer of $120m David Jones store
Melbourne-based Newmark Capital has started the ball rolling in post COVID-19 retail property deals.
Will London’s newest skyscraper become a monument to the market peak?
Demand across the sector has plummeted as businesses look to cut costs and rethink how staff work
Who is Wipro’s new MD and CEO?
Wipro’s new MD and CEO Thierry Delaporte: Wipro named Thierry Delaporte as its new chief executive officer (CEO) and managing director (MD). He will be replacing Abidali Neemuchwala who relinquishes his position on June 1.
Go Outdoors to reopen Shrewsbury and Wolverhampton stores
The Go Outdoors stores in Wolverhampton, Kidderminster and Shrewsbury will reopen on Saturday.
Lockdown effect: Core sector output crashes record 38.1% in April
Infra segment hurt the most as cement and steel output tank by more than 80 per cent
Wage subsidy auditing figures only collected quarterly - MSD
Government ministers are not receiving up to date figures on breaches of the $10 billion wage subsidy scheme, and one Minister's office says "it's...
Federal Reserve adds just $1bn of new corporate debt to balance sheet
Only modest use made of US central bank’s emergency lending facilities in the past week
Starling Bank raises £40m as it lends to virus-hit small businesses
Starling Bank has raised £40 million from investors as small businesses turn to lenders for support during the coronavirus crisis.
Neiman’s Bankruptcy Puts Spotlight On Mytheresa Transfer
The asset transfer of the online shopping retailer, what some creditors have called Neiman’s “crown jewel,” looms over the proceedings.
Sensex, Nifty close higher for third straight session: Key factors behind the share market rally
Amid weak cues from global markets, Sensex and Nifty opened lower, although erased early losses and reversed trend by the last hour of the session, amid rally in sector specific action. Barring IT and media, all the indices closed higher, amid heavy gains in realty, pharma and FMCG stocks
Formula 1: Williams up for sale after £13m loss last year
The Williams Formula 1 team and wider company group are up for sale after posting a £13m loss last year.
Two Billion Set to Lose Their Jobs Next Couple of Months Due to Pandemic
Study says 10% of global workforce likely to work remotely forever
Debate over extending $600 in jobless aid in United States
A debate in Congress over whether to extend USD 600 a week in federally provided benefits to the unemployed looks sure to intensify with the number of people receiving the aid now topping 30 million
Lombardy remains a Covid-19 hot spot with Italy set to open regional borders
Nearly 40% of the country’s cases have occurred in the northern region.
Pandemic pain: Output of 8 core sectors contracts 38.1% in April
As expected, the lockdown wreaked havoc on the output of eight core industries in April, contracting 38.1 per cent for the month under review.The eight core industries — coal, crude oil, natural gas,
P&ID: Nigeria traces $9.6 billion financial hit back to $390,000 in alleged bribes - Premium Times Nigeria
ast year, the British court authorized P&ID to seize more than $9.6 billion of Nigeria’s foreign assets — more than the West African country’s annual health and education budgets combined.
Stop replacing green grass with pavement blocks – Meteo cautions households
The Ghana Meteorological Agency (GMET) has advised people to stop replacing green grass with pavement blocks in their homes.
Businesses told to start paying furlough bill from August
Chancellor Rishi Sunak unveiled plans for grants for freelancers of up to £6,570 which will also be available from that date.
Musicians say breakdown with MSO management 'irreparable'
Players called for the organisation's chairman and managing director to resign in an increasingly public dispute.
Milestone for 4x4 drivers helping Devon's COVID-19 response
The group, DC4x4R have helped with nearly 200 deliveries of PPE, medicines, care boxes and various other tasks
Did Gold Do Better Than The Markets? (2020)
Gold sellers are touting a 7 year high in gold.
Coronavirus Update: How COVID-19 Reforms the Mobility Industry
The coronavirus pandemic has already taken more than 300,000 lives worldwide and caused massive joblessness, but there are a few sectors that are currently booming and benefiting from this crisis.
UK business confidence at its lowest since December 2008
New survey shows their confidence at new depths, while fear of job losses soar
Razer Has Some Doraemon-Themed Peripherals Coming Up
Razer has had a few Pokemon collaborations that are exclusive to the Chinese market. It looks like the gaming peripheral brand has also worked on some
Amphan cyclone: Insurers estimate losses up to Rs 1,000 crore
With the general insurers receiving mostly property and motor claims after cyclone Amphan caused widespread distructions in West Bengal and Odisha, the insured losses from the calamity could be in the range from Rs 800 crore to Rs 1,000 crore.
USD/JPY extends rebound and prints fresh daily highs above 107.70
The USD/JPY pair broke to the upside after moving sideways for hours during 107.05 and 107.30. It climbed to 107.82, hitting a fresh daily high as the
Vodafone Idea share price dips 20% from day's high after co clarifies on stake sale
Any such investment will provide a breather for Vodafone Idea which has been reeling under increasing financial stress.
Apple retains top spot in the wearables market in Q1
A new report suggests Apple shipped over 21 million wearables units in Q1, giving it a 29.3% market share.
Tax shortfall drives fiscal deficit in FY20 to 4.6% against target of 3.8%
Gross tax collection for FY20 was Rs 20.09 lakh crore, against the revised estimate of Rs 21.63 lakh crore. What is more worrying is the fact that the gross tax collection is lower than the previous year's collection of Rs 20.8 lakh crore
Capital flows running out of steam as DIIs taper after FPIs
After some relief was seen in April when the pace of FPI selling eased as central banks across the world announced stimulus packages, both local and foreign investors seem to have run out of steam.
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.
Mengis Capital Management Inc. Sells 204 Shares of Apple Inc. (NASDAQ:AAPL)
Mengis Capital Management Inc. trimmed its stake in Apple Inc. (NASDAQ:AAPL) by 0.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 77,222 shares of the iPhone maker’s stock after selling 204 shares during the period. Apple comprises about 6.7% of Mengis Capital […]
Bride-to-be feared gun raiders would rape her in front of kids as they stole £100k gems in terrifying raid
A BRIDE-to-be feared armed robbers were going to rape her in front of her kids as they stole £100,000 worth of jewellery during a terrifying raid. Stacey Tomlinson, 35, was tricked into opening her…
Commerce Bank Buys 2,565 Shares of PolyOne Co. (NYSE:POL)
Commerce Bank raised its stake in shares of PolyOne Co. (NYSE:POL) by 15.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 18,900 shares of the specialty chemicals company’s stock after purchasing an additional 2,565 shares during the quarter. Commerce Bank’s holdings in PolyOne were […]
Roam close to home: Europe’s tourists play safe in pandemic
Countries hope travel bans will be lifted in time to give their economies a boost
Tony Watt sticks with Motherwell
The forward joined the club in February.
‘Social IQ skills’ are the X-factor that women bring to tech companies
Apart from automation, technology needs soft and cognitive skills, believes HCl Technologies
Here's the list of outperforming stocks rising most since lockdown
Eight leading promoter-controlled business houses have emerged as the new Corona warriors for the stock market
Gold Mining Stocks Flip From Losses To 5x Leveraged Gains
This 2020 gold price target of $3,000 is a little too aggressive in my view, but I would not be surprised if gold reaches this level at some point over the next
Capitec sends out Covid-19 warning
Capitec, one of South Africa’s largest banks, has warned that the impact of the Covid-19 pandemic will dent future earnings.
Rand falls, focus on Trump’s Hong Kong response
In fixed income, the yield on the 10-year government bond was up 2.5 basis points at 8.96%.
Industry chorus: Package not much help, govt must do the heavy lifting
The survey was conducted after the latest round of easing, and the respondents included large companies, regional trade bodies, and also some small and medium enterprises across the manufacturing and services sectors.
Bharat Bond ETF second tranche worth Rs 14,000 cr to hit market in mid-July
In December, 2019, Bharat Bond ETF mobilised Rs 12,400 crore
Pandemic puts 86m children at risk of poverty: study
Save the Children and Unicef say nearly two-thirds of affected children live in sub-Saharan Africa, South Asia
US consumer spending sinks by record 13.6% in face of virus
WASHINGTON — U.S. consumer spending plunged by a record-shattering 13.6% in April as the viral pandemic shuttered businesses, forced millions of layoffs and sent the economy into a deep recession.
Roger Federer tops Cristiano Ronaldo in list of 10 highest sportsmen in the world
Swish professional Roger Federer has become the first tennis star to top Forbes' list of the world's highest paid male athletes beating the likes of Cristiano.
Could First Solar Be a Millionaire-Maker Stock?
It's a great company, but is it a great stock?
Debate over $600 in jobless aid to intensify as claims rise | Honolulu Star-Advertiser
WASHINGTON >> A debate in Congress over whether to extend $600 a week in federally provided benefits to the unemployed looks sure to intensify with the number of people receiving the aid now topping 30 million — one in five workers.
Coronavirus effect: UK car production likely to drop to lowest level in decades
Full-year production could fall to as low as around 870,000 vehicles, according to a forecast by AutoAnalysis for the SMMT, far below a recent nadir of 999,460 cars in 2009, during the financial crisis
Sanwo-olu promises Lagosians affordable houses
Lagos State Governor Mr Babajide Olusola Sanwo-Olu on Thursday promised that his administration will build affordable and accessible houses for Lagosians.
Google considering taking stake in Vodafone Idea: Report
A deal with Google could be a lifeline for Vodafone Idea, which owes as much as Rs 54,000 crore in adjusted gross revenue dues to the government.
Renault to cut 14,600 jobs worldwide and lower capacity
Cost reductions aimed at outlasting the downturn that has rocked the auto industry
Affordable New 5G Smartphones Coming To New Zealanders
One week before a range of new 5G smartphones start to hit the shelves around New Zealand, Vodafone is delighting customers with an awesome pre-sale offer in partnership with OPPO.
Fired Samsung worker climbs down Seoul tower after year-long protest
Dismissed in 1995 for union activism, one man took on South Korea's most powerful conglomerate and has finally reached a settlement. For over 300 days, supporters passed the protester food and clothes using only a rope.
Labrador Gold announces private placement to raise $3.5m
Canadian mining company Labrador Gold has announced that it intends to complete a non-brokered private placement to raise CAD3.5m ($2.54m).
Robodebt: government to refund 470,000 unlawful Centrelink debts worth $721m
Debts raised under the Coalition’s unlawful income-averaging scheme will start to be repaid in July
Fears for several fashion stores after PAS Group enters voluntary administration
PAS Group, which owns a number of big name fashion brands including Review and Jets Swimwear, has entered voluntary administration. The company announced the news in a release to the ASX on Friday…
Brazil’s Embraer draws foreign interest after Boeing rift, say sources
SAO PAULO, May 29 — Aircraft makers are circling Brazil’s Embraer weeks after Boeing ditched plans for a historic commercial aviation tie-up, people familiar with the matter said. Boeing axed plans to buy 80 per cent of Embraer’s commercial unit in April, ending a planned move into regional...
Farm sector grows by 5.9% in Q4 of 2019-20; future uncertain due to Covid
As the data relates to pre-Covid lockdown period it does not reflect the real picture of distress which unfolded from April onwards in the sector
Voda Idea jumps 35% on reports Google eyeing 5% stake in telco
For a 5 per cent stake, Google will have to shell out $110 million.
Battle for Hong Kong Is Shifting to City’s Financial Markets
The struggle to maintain confidence in Hong Kong’s future is manifesting in its stock and currency markets.
Northern Trust Enters Strategic Alliance with BlackRock
Northern Trust has, as part of its continuing strategy to provide integrated products and technology, today entered into an alliance with BlackRock .
Gold Price Forecast: Move Above $1735 Resistance Required for Bulls to Grab Control Again
The spot gold price is quoted at $1725 ahead of the weekend, with analysts and technical forecaster Richard Perry of Hantec Markets lays out the key levels to consider for traders now the market is back at a crossroads
ACB Stock Price: Aurora Cannabis Inc. drops further to sub-$15.00 levels
Aurora Cannabis Inc. (ACB) is prolonging the weekly correction lower to the area below the $15.00 mark, posting at the same time fresh multi-day lows
China to restrict expansion of solar equipment producers
BEIJING (Reuters) - China intends to impose restrictions on expansion of solar equipment production to tackle overcapacity in the industry in the face of falling domestic installations, a draft plan issued by the country’s industrial ministry showed on Friday.
Telecom services unaffected by lockdown in May
‘Nearly 97 per cent of the 1.1 billion SIMs are pre-paid, and all of them are being recharged’
Tata-Mistry battle: Supreme Court to hear Cyrus Mistry's plea for Tata Sons board position
The apex court's final order in the matter will be important as the dispute has now boiled down to two key issues --a board position for the minority shareholder Shapoorji Pallonji group and turning back Tata Sons into a public limited company from private
Rising US job losses stir fears of lasting economic damage
WASHINGTON — The coronavirus crisis threw at least 2.
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
UP Board 10th and 12th Results 2020: Uttar Pradesh Madhyamik Shiksha Parishad (UPMSP) to declare Class 10th and 12th Results 2020 soon @ upresults.nic.in
UP Board 10th and 12th Results 2020: The Uttar Pradesh Madhyamik Shiksha Parishad (UPMSP) is set to declare Class 10th and 12th Results 2020 soon on its official website upresults.nic.in.
Lumber sees surprise win as shut-in Americans fix up their homes
Lumber futures are heading for their second-straight monthly gain at a time when gloom from the coronavirus pandemic was expected to curb demand.
UFC star Jon Jones blasts Dana White over Francis Ngannou 'bulls*t' lies
Jones was not happy with the UFC president!
Sign of Some Upside Ahead for Boeing Stock
Boeing is one of the names most battered by the novel coronavirus, but with airlines starting to perk up, the stock could be a winner.
GOP lawmakers call for Illinois Department of Employment Security audit
Four Republican House members are requesting an audit of the Illinois Department of Employment Security after repeated complaints from people seeking unemployment benefits during the COVID-19 pandemic.
RYB Education Inc (RYB) CEO Yanlai Shi on Q1 2020 Results - Earnings Call Transcript
RYB Education Inc (NYSE:RYB) Q1 2020 Results Earnings Conference Call May 29, 2020 8:00 AM ET Company Participants Serena Xue - Investor Relations Yanlai Shi -
Modi’s hydroxychloroquine support to US brings first installment of mega US-India trade deal closer
India and the US could strike a smaller trade deal in the coming weeks as hydroxychloroquine supply to the US has given the two countries enough confidence.
EUR/JPY falls back to 200-day SMA as Tokyo inflation beats estimates
The bid tone around the Japanese yen strengthened early Friday, pushing EUR/JPY back to levels below the 200-day simple moving average (SMA) at 119.25
New York gold traders are drowning in a glut they helped create
Shutdowns strangle supply routes that allow physical bullion to move around the globe
Price of rice, eggs, yam increased in April — NBS
The National Bureau of Statistics (NBS) said the average price of some selected food items in the country increased in April.
Yes Bank launches overdraft facility on FDs through digital channels
The customers can avail the facility by clicking ‘pre-approved offers’ or ‘exclusive Offers’ to the select eligible fixed deposits. The bank promises to disburse the sanctioned overdraft limit in one day.
Delayed deliveries from Sephora upset customers
The thrill that came after scoring bargains at Sephora's biannual Beauty Pass Sale that took place from May 5 to 7 turned to frustration for some, after their orders were delayed. More than 35 customers who purchased items from the beauty retailer during the sale, which was...
Daily Deals: save big on Apple Watch Series 5, Nest security cameras, and much 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!
Nigeria better today, presidency insists
The presidency yesterday insisted Nigeria is better today than it was when President Muhammadu Buhari took over the reins of government on May 29, 2015.
Champagne sales dip as world goes into warlike depression amid coronavirus
Global champagne sales are forecast to slump by a third, or 100 million bottles, this year as the coronavirus crisis shuts bars and restaurants worldwide and hammers economies.
PNC Financial Services Group Inc. Buys 7,890 Shares of Elanco Animal Health (NYSE:ELAN)
PNC Financial Services Group Inc. boosted its stake in shares of Elanco Animal Health (NYSE:ELAN) by 18.5% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 50,550 shares of the company’s stock after acquiring an additional 7,890 shares during the quarter. PNC […]
Watch Boris Yu Break Bread With MISTERGENTLEMAN in Tokyo
In a new series by HYPEBEAST CN, 'Breaking Bread.'
Ontario's strict rules for reopening dental clinics differ from other provinces
For dentists in Ontario, reopening their clinics means fulfilling a long list of expensive safety requirements that could be challenging to meet.
Debt relief plans for world's poor countries inch forward
Plans for debt relief for the world's poorest countries inched forward as private creditors laid out a blueprint for their involvement, though it...
Hearo.Live: Going Virtual With Live Events
Hearo built an app to capitalize on the growth in eSports. It's now raising capital from people wanting to invest in Hearo.Live.
Merkel Is Seizing Her Chance to Revolutionize Germany's Economy
(Bloomberg) — On a gloomy Friday in March, with the devastation of the coronavirus becoming clear, senior officials in Chancellor Angela Merkel’s government realized that extraordinary measures were needed to shore up Europe’s largest economy.
Developer offers tenants half-price rent at prime site
Rents are being cut in half in a new office development just south of Sydney's CBD.
PPE manufacturers complain about lack of clarity on standardisation guidelines
Hula Global, a Noida-based company which is into manufacturing and distribution of personal protection equipment, was counting on the huge windfall opportunity post-COVID-19 outbreak.
BharatPe’s card-accepting machinewith zero MDR may go live in June
Merchant payment and lending network company BharatPe is working on a card-accepting machine with zero MDR, which is likely to go live by next month. “BharatSwipe will be our card machine. It will be
CBK warns 75pc of small businesses risk collapse
Small traders have had to close under coronavirus lockdown measures.
Lush Is Slowly Reopening Its Stores Across the US, and We Can Smell the Good News From Here
Lush stores in the US and Canada are expected to reopen by early July, beginning with a phased rollout of contactless pickup.
Lifetime community rating leads to rise in low cover plan purchases
Research suggests many first-time buyers bought cheap plans with limited benefits
Paying school fee in times of job losses triggers hopelessness
A letter to Prime Minister Narendra Modi written by a city-based resident requesting him to legalise sale of kidneys had hit the national headlines this week. One would assume that someone talking about legalising sale of kidneys needs to pay off debts but the resident just wants to pay the school
De Blasio, Cuomo target June 8 for first phase of New York City reopening
The city is on track to meet all of the state’s metrics needed to begin relaxing its stay-at-home order.
Volkswagen invests 2 billion euros in Chinese electric vehicle sector
Volkswagen will take a 50% stake in JAG – the parent company of state-owned JAC Motors – and a 26% share of Chinese battery supplier Gotion High-Tech
$60m funding boost for NZ libraries announced at Turanga
The government chose Christchurch's central library, Turanga, as the venue to announce a $60 million cash injection for NZ libraries on Friday.
Rupee appreciates 14 paise to close at 75.62; forex traders say investors await Q4 GDP data
The rupee appreciated 14 paise to provisionally close at 75.62 against the US dollar on Friday as foreign fund inflows and weak American currency boosted investor confidence
New York City expected to reopen on June 8, five upstate regions OK for phase 2: Cuomo
NEW YORK (Reuters) - New York City is “on track” to enter phase one of reopening on June 8, New York Governor Cuomo said on Friday as he announced that five upstate regions will now transition to phase two which includes businesses like barber shops and hair salons.
Capital Iron building part of 6.7-acres bought by Reliance; store to keep operating
Reliance Properties, which was behind the transformation of the Janion building on Store Street, has picked up nearly seven acres of downtown Victoria, including the site of the Capital Iron . . .
Allowing people to meet in bubbles ‘could spread coronavirus in population’
It was thought the roadmap to easing the lockdown contained the possibility one household could form a social ‘bubble’.
Impact of Coronavirus (COVID-19) Lockdown Economy Needs Support From PSBs, Says Union Bank Chief
The country’s economy, which has been hit by the COVID-19 outbreak, needs support from the public sector banks (PSBs) to … Impact of Coronavirus (COVID-19) Lockdown Economy Needs Support From PSBs, Says Union Bank Chief Read More »
IMF says Bosnia's failure to disburse IMF emergency aid is unprecedented
SARAJEVO (Reuters) - Five weeks after the International Monetary Fund gave Bosnia $370.46 million in emergency aid to help combat the coronavirus crisis, the funds have still not been disbursed due to a disagreement between its rival ethnic leaders, officials said.
Canada GDP in April fell a record 11% as COVID-19 shutters economy
Gross domestic product in March fell by 7.2 percent from February, the most severe month-on-month plunge ever, although the decline was less than the 9 percent predicted by analysts. Statscan said the March and April decreases were likely the largest-ever consecutive monthly declines.
India quarterly growth worst in two decades as lockdown bites
India's economy grew at its slowest pace in at least two decades last quarter, government data showed Friday, with warnings of far worse to come as it grapples with the fallout of the world's largest coronavirus lockdown. The figures beat even gloomier forecasts, with Bloomberg News predicting
China to restrict expansion of solar equipment producers
China intends to impose restrictions on expansion of solar equipment production to tackle overcapacity in the industry in the face of falling ...
Australia faces further cost-cutting despite improved outlook
Australian cricket faces another round of cost-cutting to shore up finances hit by the coronavirus shutdown and no part of the game will be ...
Buhari seeks Senate’s approval for $5.513b external loan
The Federal Government also intends to borrow Euro 995million from the Export-Import Bank of Brazil to support Green imperative and enhance the....
Vodafone Idea issues clarification on reports of Google picking stake in company
Reacting to the reports of tech giant Google eyeing a 5 per cent stake in the company, Vodafone Idea on Friday clarified that there is no proposal before
India paves way for Apple, others to increase domestic production by removing a clause
Govt has dropped irritants from its PLI scheme, paving way for phone-makers to ramp up production in India.
Use of public transport likely to dip for 6 mnths post lockdown: CSE survey
Within six months after the lockdown, metro ridership will decline from 37% in pre-lockdown period to 16%, the CSE said.
If we must have a pay freeze, spare front-line jobs dominated by underpaid women
Any halt to pubic sector pay rises in NSW needs to be short-lived, and the way to recovery must account for the glaring gender pay gap.
HCL's acquires Cisco's SON tech for $49 million; to boost 5G tech deployment
The acquisition, which comprises of products and services built on Ciscos SON technology, will help HCL cater to customers in the telecommunications industry as SON has become a major component in the move towards 5G networks, including tier-one communications service providers globally.
Sberbank Forms Swiss Entity for Physical Commodities Trading
Sberbank has announced on Friday its expansion into the commodities market with the opening of a trading company in Switzerland.
Rupee settles 14 paise higher at 75.62 against US dollar
The rupee appreciated 14 paise to provisionally close at 75.62 against the US dollar on Friday as foreign fund inflows and weak American currency boosted investor confidence.
Almost half a million Australians will have their robodebts refunded
The federal government will refund $721 million recouped from 470,000 people through the controversial “robodebt” scheme. Under the contentious “robodebt” program, welfare r…
Spain's government pushes through basic income guarantee to fight poverty
The Spanish government approved on Friday the creation of a minimum income worth 462 euros ($514) a month for the poorest, Deputy Prime Minister Pablo Iglesias told a news conference, in a scheme tha…
Need to know: Friday
The coronavirus pandemic is dominating global markets, business and politics. Here's our daily take on the most important stories, and some things to watch out for.
Goldman’s Eccentric Couch-Surfing Trader Plans a Credit Fund
Not many Goldman Sachs partners seek out citizenship in a tiny Caribbean island to speed through airports. Ali Meli wasn’t your typical Goldman partner.
Queen B announces her BNG Prestige Reserve just in time for level 3
'This release is all about excellence, global luxury, elegance and my love for MCC,' said Bonang Matheba.
Omega Healthcare: This Outperformer Is Undervalued With An 8.7% Yield
Omega Healthcare has a strong track record with market beating returns. The current share price offers an attractive entry point with a strong going-in yield. M
Newmark Capital tipped as buyer of $120m David Jones store
Melbourne-based Newmark Capital has started the ball rolling in post COVID-19 retail property deals.
Coronavirus impact: Daimler India offers free vehicle check-up to BharatBenz customers
Daimler Indian Commercial Vehicles has rolled out a new vehicle checkup and sanitisation campaign for BharatBenz customers and it is free of cost.
Wall Street Week Ahead: Investors eye consumer discretionary stocks as US reopens
Investors are taking a closer look at the market's consumer discretionary companies as a reopening U.S. economy fuels hopes of a turnaround for ...
VMware CEO After Storming Quarter: “Tech is Stronger than GDP”
VMware CEO: "Tech is stronger than GDP, and software and cloud is stronger than tech."
Pier 1’s ‘Awful Day’ Arrives With Judge Approving Liquidation
The end is near for Pier 1 Imports Inc.
India's Q4 FY20 GDP Down To 3.1%, 2019-20 Growth Shrinks To 4.2%
On a sequential basis, the quarterly growth rate has progressively come down from 5.2 per cent in Q1 of 2019-20 to 4.4 per cent in Q2 and 4.1 per cent in Q3.
Visa Is Buy-Worthy Stock as the U.S. Continues to Reopen
Investors forget just how profitable Visa is. With the country reopening, V stock is worth a closer inspection to see if it's a buy.
Canopy Growth reports $1.3B fourth-quarter loss, hits reset on strategic focus
Canopy Growth Corp. is rethinking its first-to-every-market strategy after reporting a $1.3-billion loss in its fourth quarter. The Smith Falls, Ont.
Emerging trends in warehousing segment post Covid-19 lockdown
At a time when the Indian real estate industry has been facing headwinds on account of a difficult residential market, the warehousing property segment has emerged as a promising investment opportunity for institutional investors.
Lee asks state agencies to cut budgets by 12%
Gov. Bill Lee has asked all state agencies to find ways to slash their budgets by 12% and submit their new proposals by the end of June.
UK Business Confidence Lowest Since 2008 Despite Easing of Lockdown, Top Bank's Survey Finds
The UK government has announced a lockdown exit strategy that will allow most businesses to reopen throughout the summer, but the number of firms that anticipate laying...
Trip.com Group Ltd (TCOM) CEO Jane Sun on Q1 2020 Results - Earnings Call Transcript
Trip.com Group Ltd (NASDAQ:TCOM) Q1 2020 Earnings Conference Call May 28, 2020, 20:00 ET Company Participants Michelle Qi - Senior IR Director James Liang - Co-
Williams set to sell Formula One team
Williams is considering a sale of its once-dominant but now struggling Formula One team as part of a new strategic direction.
AP PHOTOS: Italians say 'ciao' to unkempt lockdown locks
Two months of lockdown have left style-conscious Italians looking less well-groomed than usual. But as of last week, hair salons and barber shops are back in business, welcoming young and old in need
Former South Korean 'comfort women' leader apologises for 'banking errors'
SEOUL (Reuters) - The former leader of an advocacy group for South Korean victims of Japanese wartime sexual violence on Friday denied allegations of misusing funds meant for the victims but apologised for “banking errors”.
Smiley Monroe resumes production at reduced capacity
LISBURN manufacturer Smiley Munroe, which makes heavy-duty conveyor belts and custom-cut rubber parts, has resumed production at a reduced capacity after a two-month covid-enforced temporary closure.
New Recycling Consortium an Open Call to Curb Textile Waste in Philly
Recycling start-up Retrievr makes an open call to fashion brands to partake in the recycling journey in Philadelphia.
French carmaker Renault announces 15,000 job cuts worldwide
Struggling French carmaker Renault on Friday announced 15,000 job cuts worldwide as part of a 2 billion-euro cost-cutting plan over three years. Renault said on Friday that nearly 4,600 jobs will be cut in France in addition to more than 10,000 in the rest of the world. The group's global…
Student Loan Refinance Marketplace Splash Financial Raises $12.3 Million Through Series A Funding Round Led By CMFG Ventures & Northwestern Mutual Future Ventures
Splash Financial, a U.S.-based student loan refinance marketplace, announced earlier this week it secured $12.3 million through its Series A investment round, w
Survey shows Queenstown is open for business - Destination Queenstown
A survey of local tourism businesses recently undertaken by Destination Queenstown shows that 96% of respondents will be open under level 2 for the winter season.
Students decry tuition hikes as COVID-19 pandemic increases financial strain
Some Canadian universities are raising tuition fees for the new school year much to the consternation of students, who argue their costs should be going down, not up in light of the COVID-19 pandemic.
Furlough latest - 3 announcements we're expecting from Chancellor Rishi Sunak today
On Friday, the Chancellor is expected to announce a raft of changes to the furlough scheme as the state subsidy is wound down for more than 8.4million workers
Go-go bars gone as coronavirus hits Bangkok's sex district
BANGKOK (Reuters) - The black leather party masks that performers May and Som wear for their fetish shows in Bangkok are definitely not the sort to stop the coronavirus.
External borrowings to rescue as Senate cuts 2020 budget to N10.509 trillion
The Federal Government yesterday changed the earlier plan of drastically slashing the 2029 passed budget of N10.594trillion to N9trillion by reducing it with just about N85billion through a new proposal of N10.509trillion .
House scheduled to return for votes in late June
House Majority Leader Steny Hoyer (D-Md.) released an updated floor schedule for the lower chamber on Friday that would have lawmakers staying in their home districts for most of June before
TJ Maxx, Marshalls, HomeGoods expect to reopen end of June
There is more progress on the road to reopening for T.J. Maxx, Marshalls, and HomeGoods.
International naval operation nets 50 tonnes of cocaine in 45 days
BOGOTA (Reuters) - A multilateral naval anti-drug operation confiscated 50 tonnes of cocaine in 45 days, Colombia President Ivan Duque said on Friday.
Massey's Alison Brook looks at how we are responding to a world-scale natural disaster that is killing jobs super-fast and what the resulting long-term unemployment will will do to economic prospects
Massey's Alison Brook looks at how we are responding to a world-scale natural disaster that is killing jobs super-fast and what the resulting long-term unemployment will will do to economic prospects
Standard Chartered Completes First Impact-Focused Subscription Finance Facility
Standard Chartered, a UK-based multinational banking and financial services company with $688 billion in assets, announced earlier this week it comple
Relief for Cyrus Mistry; SC agrees to hear plea on Pallonji Group’s representation on Tata Sons board
The plea seeks representation on Tata Group's board proportionate to 18.4 percent holding of Pallonji Group
RBI Imposes Rs 4 Crore Penalty On Citibank Over Non-Compliance Of Regulations
The action will not affect the bank's customers, RBI clarified
Working groups on economic task force to synergize efforts to revive economy: Conrad
GUWAHATI: Meghalaya Chief Minister, Conrad Sangma on Friday tweeted that the six Working Groups of the Economic Task Force on COVID-19 pandemic would work in tandem to draw up a systematic and synergistic plan to revive the economy of Meghalaya and c
Inside Katie Price's 42nd birthday as all five kids join her for party games and cake
Katie Price and her five kids Harvey, 18, Junior, 14, Princess, 12, Jett, six, and five-year-old Bunny got together to celebrate her 42nd birthday next week
Volkswagen Looks East To China, Pledges €2bn To Boost Beijing's Electric, New Energy Vehicle Market
The world's largest automaker group is set to enter the Chinese market as rival motor companies compete for a top spot in the world's largest car market, the company...
Najib Denies Using An Israeli Company To Spy On Civilians And Opposition
The operation by Najib's administration and the company was called 'Project Magnum'.
EU approves EUR 500 mln in macro-financial assistance to Ukraine
The EU has now provided Ukraine with EUR 3.8 billion in MFA loans since 2014.
ESAF Small Finance Bank Q4 PBT up 42% at Rs 74 cr, income rises 32%
Full-year PBT doubles to Rs 256.26 crore from Rs 127.18 crore
3M: Don't Buy This Dividend King And No, COVID-19 Is Not To Blame
MMM is a Dividend King with a 61-year streak of increasing dividends and has been a dividend growth investor favorite. First-quarter results were acceptable and
US indicts NKoreans, Chinese over $2.5 bn network to dodge sanctions
The US Justice Department indicted 28 North Koreans and five Chinese on Thursday for operating a money laundering ring that moved billions of dollars through global banks to avoid nuclear sanctions on Pyongyang.The network processed more than $2.
Auction tests demand for Queenstown property
Bidders in Queenstown have started testing the water in one of the country's most expensive property markets. This story was first published by RNZ...
Ardagh to repay debt as it raises $715m in bond sale
Glass and metal container group led by Paul Coulsen operates facilities in 12 countries
Brian Reade: The Brex Pistol Tories again prove they’re Rotten to their core
Cummings wants to be seen as the Johnny Rotten of Westminster, the elite-loathing maverick who spits on the Commons’ mace. Yet, like Johnson, yet he too went from public school to Oxford
Commerce Bank Sells 4,601 Shares of Invesco Ltd. (NYSE:IVZ)
Commerce Bank trimmed its holdings in shares of Invesco Ltd. (NYSE:IVZ) by 10.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,174 shares of the asset manager’s stock after selling 4,601 shares during the period. Commerce Bank’s holdings […]
GBP/USD: The pound is set to see losses amid geopolitical strains
GBP/USD has struggled to take advantage of dollar weakness amid a slew of British issues. Sino-American tensions, Brexit speculation, and end of month
UK has bumper strawberry crop thanks to weather but may not have enough pickers
Brits could be eating loads of strawberries this summer - but are there enough people to pick them?
India weeds out 27 highly toxic pesticides
Decades of lobbying by rights activists and environmentalists to ban hazardous pesticides in India that are prohibited elsewhere in the world appear to be making progress following a 14 May government ...
Huawei edges ahead of Apple’s iPad in the falling Chinese tablet market
The Chinese tablet market has been seeing a decline overall during the first quarter of 2020. But despite the slump in the market, the Chinese vendor, Huawei has managed to edge ahead of Apple’s iPad in the same segment. Earlier this year, the Coronavirus pandemic had initially broken out in China. This caused various complications …
Rand falls, focus on Trump's Hong Kong response
Locally, market participants awaited April trade balance figures as well as monthly budget balance numbers due later in the day.
Inside Pharrell Williams’ $12M Hollywood Hills mansion with infinity pool and outdoor cinema
PHARRELL Williams has put a second L.A. mansion on the market, three months after putting a Beverly Hills mansion up for sale. The hip-hop star placed the Hollywood Hills home on the market in rece…
Carrefour CEO Says Omnichannel Approach Helped With Front-Line Efforts
“Our group has become an essential actor for food — a public service,” said ceo Alexandre Bompard.
SC issues notice to Tata Sons on cross-appeal of Mistry group firm against NCLAT order
The top court had on January 10 granted relief to Tata group by staying the National Company Law Appellate Tribunal (NCLAT) order of December 18 last year, by which Mistry was restored as the executive chairman of the salt-to-software conglomerate.
SpaceX loses another Starship prototype in massive explosion
The fourth Starship is no more
Kia Motors to invest additional $54 million in Andhra plant despite COVID-19 pandemic
Kia had earlier said the company has a long-term commitment to the Indian market and invested USD 1.1 billion in the manufacturing plant at Anantapur
India’s key growth engine grinds to halt in sign of slump
Businesses providing services of everything from technology to travel and trade were the first to be hit by lock down. Unlike manufacturing-heavy economies like China and South Korea, in India, the services sector accounts for 55% of gross domestic product -- and the slump in output has had ripple effects on jobs and economic growth.
Twilio Shares Surge 98% YTD As Emerging Use Cases Drive Increased Demand
During the Covid-19 crisis, Twilio has emerged as a leading provider of the underlying infrastructure needed to power increased digital engagement. Management called out six emerging use cases for Twilio’s platform during the pandemic.
Vodafone Idea not considering any proposal from Google
On May 28, it was reported that Google was looking to enter India's telecom market via a 5 percent stake purchase in Vodafone Idea.
As lockdowns ease, a Bronx nail salon plans a careful reopening
(Reuters) - When Yahaira Caraballo opened her nail salon in the Bronx, New York nearly seven years ago, it was a bare-bones shop with two nail technicians.
Epistar 4Q20 operation may turn profitable, says president
Epistar is likely to see operation swing into profitability in the fourth quarter of 2020 if the impact of the coronavirus pandemic eases off in the third quarter, according to company president Chin-yung Fan.
Exclusive: Inside multi-billion naira ‘fraud’, contract racketeering in PTI
AUDU Oshiokhamele, Chairman of PENGASSAN Effurun branch, has accused Professor Sunny Iyuke, the Chief Executive of the PTI of a N5.8bn fraud.
Indian Microlending Firm SATYA MicroCapital Ltd Secures Over $13 Million in Equity Funding from Tokyo’s Gojo & Co.
SATYA MicroCapital Ltd, a fast-growing micro-lending firm based in India, has secured INR 105 crore (appr. $13.85 million) in equity funding from Gojo & Com
Court sides with Louisiana governor in fight over unclaimed property
A district court judge has ruled for Gov. John Bel Edwards’ administration in its lawsuit against Treasurer John Schroder over how to handle unclaimed financial assets.
Explainer: How important is Hong Kong to China as a free finance hub?
Hong Kong is one of the world's most open economies and one of the biggest channels for equity and debt financing
Coronavirus latest: at a glance
A summary of the biggest developments in the global coronavirus outbreak
Govt plan new deal with private hospitals before second wave of coronavirus
The government will seek to negotiate a new deal with private hospitals from the end of June.
Virus sends consumer spending down 13.6% in April
U.S. consumer spending plunged by a record-shattering 13.6% in April as the pandemic shuttered businesses, forced millions of layoffs and sent the economy into deep recession.
Vancouver-based mobile ordering app offers alternative to 'exorbitant fees'
The same week Vancouver's mayor threatened to cap delivery service fees at 15 per cent, a local mobile app provider is reminding restaurant owners their standard fee is already a "reasonable" rate of five per cent.
Cuomo: New York City on track to start reopening week of June 8
New York City is on track to start reopening the week of June 8, New York Gov. Andrew Cuomo (D) announced on Friday.
Invesco Mortgage Capital: 3 Preferred Series Yielding Over 10%, Plus 2 Option Trades
The mortgage-backed securities market had a crisis in March, with values driven lower, and mREITs crashing in price. The Fed came to the rescue, buying billions
India's economy seen slowing rapidly in March quarter, with worse to come
Gross domestic product data out later on Friday is expected to show India’s economy grew at its slowest pace in at least two years in the March quarter as the coronavirus pandemic weakened already declining consumer demand and private investment.
Govt to pay back $721m wrongly raised through robodebt
Finally bites the bullet.
Coronavirus: New mortgage holiday should affect credit record, says Nationwide boss
The UK's biggest building society says struggling applicants should be flagged to lenders.
Exclusive: Russia's Rosneft finds extended oil cuts painful - sources
Exclusive: Russia's Rosneft finds extended oil cuts painful - sources
Liverpool historian to head up city activist heritage project
Mandela8 have announced that leading local historian Laurence Westgaph has been appointed to explore L8's history of activism and anti-apartheid struggles
Rising tension caps optimism - CMC Markets
By Michael McCarthy (chief market strategist, CMC Markets and Stockbroking)
Australia's New South Wales state warns of Covid-19 budget toll
SYDNEY, May 29 ― Australia's biggest state in economic terms said today the coronavirus pandemic could cost it as much A$20 billion (RM57.7 billion) in lost revenues over the next four years, underscoring the urgency to revive the country's stuttering economy. Releasing its first estimate of the...
F-35 Costs Drop for Building Jets But Rise for Operating Them
The Pentagon’s costliest program, Lockheed Martin Corp.’s F-35, is starting to look a little less expensive, with the latest estimate for development and procurement down 7.1% to $397.8 billion.
U.S. to End Hong Kong's Special Treatment, Trump Says
U.S. to End Hong Kong's Special Treatment, Trump Says
Road construction: House of reps member wades into contractor, community crises
A member of the House of Representatives, Mrs Tolu Akande-Sadipe has waded into a misunderstanding between the contractor...
In Senegal, the struggles of a small airline during coronavirus
Launching an airline in Africa is a notorious challenge in a continent and sector where opportunities are often crimped by regulations and national champions are dominant.
Young’s says it expects ‘lower sales’ when customers return to pubs
The London-based pub company said it will not pay shareholders a dividend for the past year.
In Senegal, the struggles of a small airline during coronavirus
Launching an airline in Africa is a notorious challenge in a continent and sector where opportunities are often crimped by regulations and national champions are dominant.
What Could Kill My New York Bookstores?
It won’t be Amazon or the coronavirus. It will be artificially high rents.
Billionaire Premji Hires Wipro CEO From His Rival Capgemini Thierry Delaporte New CEO
Thierry Delaporte will take over effective July 6, replacing Abidali Z Neemuchwala. Wipro named Thierry Delaporte chief executive officer, recruiting … Billionaire Premji Hires Wipro CEO From His Rival Capgemini Thierry Delaporte New CEO Read More »
Accenture gives bonuses to a large part of its staff
The payouts have been made over the past few weeks to more than half its 2,00,000 employees in India across technology and business process management centres, multiple sources said.
IOI Properties’ Q3 profit falls due to Covid-19 pandemic
KUALA LUMPUR, May 29 — IOI Properties Group Bhd’s (IOIPG) net profit in the third quarter (Q3) ended March 31, 2020, fell 63 per cent to RM71.36 million from RM194.70 million a year earlier. Revenue for the quarter declined to RM401.43 million against RM487.74 million previously. The property...
Big Tech goes on pandemic M&A spree despite political backlash
Rate of dealmaking by Alphabet, Amazon, Apple, et al is highest since 2015
US stocks rise after Trump sticks to script on China
Shares in New York gained 4.5 per cent in May, buoyed by signs the US economy is stirring after shutting down in April.
Over 7 lakh small stores may have shut shop due to lockdown
India has about 10-12 million small retail outlets selling grocery and other FMCG products.
Wipro Appoints Capgemini's Thierry Delaporte As CEO, Managing Director
Wipro has appointed Capgemini executive Thierry Delaporte as its chief executive officer and managing director, the company said in a regulatory filing.
Williams considers sale of Formula One team
Pandemic adds to strain after poor performance on the track and £17m loss
S&P 500, Nasdaq rally to close week higher as Trump’s actions against China seen not as disruptive as feared
Stock index benchmarks ended mostly higher Friday and booked sharp gains for the week and month, after a news conference from President Donald Trump on China...
Wipro's new CEO Thierry Delaporte has an impressive CV but challenges galore: Experts
Delaporte will have to ring in organisational changes to help Wipro regain lost ground, feel experts.
Theresa May says Dominic Cummings 'did not follow the spirit' of lockdown rules
EXCLUSIVE The former PM became the latest senior Conservative to criticise the behaviour of the No10 aide as the Tories divide on Mr Cummings deepened
Wipro appoints Thierry Delaporte as new CEO and MD
Wipro's 3-month old leader hunt comes to an end
Travel disruptions, cost cutting key issues for U.S. business in China
Ninety percent of the 100 or so respondents said they were affected by such disruptions, up from 77% last month, according to a monthly survey on the impact of COVID-19 by the American Chamber of Commerce in China, released Friday.
Boney Kapoor: Optimistic about Indian film industry bouncing back post COVID-19 pandemic
The film and TV production is expected to resume operations after a brief shutdown. While there's no clear timeframe for it to resume, the Producer’s Guild of India has submitted safety measures for recommencing on-set shoots to the government this week.
When will shops in malls open? Commerce Ministry clarifies after Piyush Goyal meets traders
Issues of retail traders were discussed in a meeting between Commerce and Industry Minister Piyush Goyal on Thursday with representatives of traders associations through video conferencing.
Dy manager of BoM delivers pensions at doorsteps of elderly
Employee from Bhavani Peth branch had sought special permission to enter containment zone, make the payouts
Libertex Parent Pays €160,000 to Settle Violations with CySEC
The Cyprus Securities and Exchange Commission (CySEC) has just announced that it has reached a settlement with Indication Investments Ltd, fining the firm €160,000.
FDI inflows from Cayman Islands into India triples in FY20
The Cayman Islands, which is close to Cuba and was ranked in the study as the most prominent centre for financial secrecy, hosts more than 100,000 companies, a number that outstrips the local population
Battle between Trump and states over car pollution heads to court
California and nearly two dozen other states on Wednesday filed suit against the Trump administration, arguing that its decision to weaken fuel efficiency standards for cars and trucks puts the public's ...
Middle East rich most cautious after oil plunge, COVID-19 crisis: Barclays
Haider said risk sentiment was also down in Russia, another oil-rich economy, while appetite was subdued in India.
NY Gov. Andrew Cuomo says New York City is on track to begin reopening the week of June 8th
"We will stay on track by focusing on the hotspots," Cuomo said. "We know down to the zip code where the infection rate is higher than average."
Non-essential shops in Wales could reopen next month, says Drakeford
The First Minister indicated further relaxing of lockdown rules, before defending his ‘stay local’ five-mile restriction on travel.
ET View: Even before Covid, economy was slumping
The government needs to fix the banks and create a functional bond market. This alone can raise the rate of investment. Gross fixed capital formation as a share of GDP was down to 26% in Q4 of 2019-20, and 26.9% for the year as a whole. Without raising it by six percentage points of GDP, India cannot shed its low growth trap.
Apple places urgent iPad order with LG following surge in demand in Asia
Apple has placed an urgent order with LG for LCD panels to help it cope with surging iPad demand in Asia.
Delay in financial aid to SMEs will be resolved in two months, says Wan Junaidi
KUCHING, May 29 — The Entrepreneur Development and Cooperatives Ministry expects the delay in the disbursement of financial assistance for Covid-19-affected small and medium enterprises (SMEs) in Sarawak to be resolved within two months. Its minister, Datuk Seri Wan Junaidi Tuanku Jaafar,...
Minister to join in chamber event
Minister for International Trade Greg Hands will be taking part in a Black Country Chamber of Commerce online Zoom event on Friday, June 5.
Ending lockdown
"The economy went dead. It has to be revived." On Monday, June 1, 2020, most Filipinos will enjoy the benefits of relative freedom. June 1 is the first day after Asia’s strictest and the world’s longest lockdown ends, on May 31.
Ex-CBN director lauds MPC over interest rate reduction
A financial expert, Dr Titus Okunrounmu, has commended the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) for reducing the interest rate by one-percentage-point from 13.5 per cent.
U.S. Stock Market Regains Lead As Top Global Performer For 2020
The leadership switch knocked China's equity market to second place at the close of trading in the U.S. on Wednesday, May 27. After leading SPY on a year-to-dat
Daily Deals: save big on Apple Watch Series 5, Nest security cameras, and much 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!
What Two Things Make Flyers Feel Safest Regarding COVID-19? See J.D. Power 2020 Airline Study
The industry will need to focus on restoring confidence, while continuing to improve on the operational side.
Ranking NFL QB commitment in 2020: How married all 32 teams are to their starters
The Rams are committed to Jared Goff. Are the Eagles really tied to Carson Wentz long term?
Apple still dominates the wearables market in the first quarter of 2020
Apple still dominates the wearables market in the first quarter of 2020. In the Q1 2020, 72.6 million wearable electronic devices were shipped in the world.
Coronavirus in Ballarat: Real estate sales in rural areas increase
"Perhaps there will be an uptick in demand for those kinds of properties as people look to have a bit more land around them"
Waheed Bakare: A clear definition of altruism
We became friends in 2008 when I assumed office as the pioneer Executive Director/CEO of Zakat and Sadaqat Foundation, Lagos,
The pandemic has tightened Putin's economic grip but spells trouble for the future
The coronavirus has allowed Vladimir Putin to expand the Russian state's involvement in its economy, but it creates some long-term issues.
Students decry tuition hikes as COVID-19 pandemic increases financial strain
TORONTO — Some Canadian universities are raising tuition fees for the new school year much to the consternation of students, who argue their costs should be going down, not up in light of the COVID-19 pandemic.
Mysterious Bitcoin Whale Who Kickstarted Previous Crashes Appears Again
Blockchain data has revealed that a mysterious Bitcoin whale that's transacted over $350 million worth of BTC has just received a large sum of supply.
TVS Motor shares dip over 3% as March quarter profit plunges 43%
The company said it had successfully transitioned to BS-VI
Can this couple support their autistic child throughout her life while hitting retirement goals?
They are also looking to accumulate enough savings and investments to allow them to retire comfortably in their early to mid 60s. Their retirement spending goal is $90,000 a year after tax
Rising US job losses stir fears of lasting economic damage
WASHINGTON — The coronavirus crisis threw at least 2.
Dell Hit By Coronavirus But Wins Millions In Govt Deals
SYDNEY: In its third year in a row, Dell Australia has posted a drop in profits. This year the company posted an after-tax profit of just over AU$31 million for the financial period ended January 31, 2020, slightly down from the $33.6 million recorded in 2019.
Conmen create fake FB account of senior IPS officer
Followers lured with attractive investment plan
Stick or twist? Investors face coronavirus-induced property dilemma
Property has long been a staple of a balanced investment portfolio, favoured by pension funds and insurers seeking assets that combine capital value growth offered by stocks with secure income akin to bonds.
Equities drop as Trump lines up China response
HONG KONG, May 29 — Equities mostly fell today after Donald Trump called a news conference for later in the day to outline his response to China’s plan to crack down on Hong Kong, which many fear could further increase tensions between the superpowers. The losses were being tempered, however,...
Disinfect to Protect: Lysol’s P36 million funding to help Philippine Red Cross battle COVID-19
Lysol Philippines has partnered with the Philippine Red Cross (PRC) for Disinfect to Protect, a joint mission to ensure everybody is protected from illnesses, by breaking the chain of infection.
Major Market Indicators Report June 2020: Downshifting To Neutral
U.S. equity markets stage a V-shaped recovery as our indicators shift down to neutral. Our risk adjusted fair value target on the S&P 500 is 3,080, representing
‘Almost entire’ economy could reopen before June 30 if infection rates remain low and stable, says Singapore minister
SINGAPORE, May 29 — If Covid-19 infection rates remain low and stable, the Government will decide by mid-June whether Singapore can move out of the first phase of reopening the economy, National Development Minister Lawrence Wong said today. While the first phase — which will start from June 2...
Rony Abovitz confirms Magic Leap's new funding, will step down as CEO
Magic Leap has secured new funding to back its plan in building augmented reality tech for business use, but it will eventually move forward with a new CEO as Rony Abovitz is stepping down.
Food aid needed for Africa’s hungry strained by Covid-19 crisis
'Even if we help as many as we can, there’s always more to be done.'
Malaysia’s Statistics Department foresees recession in the next four to six months
KUALA LUMPUR, May 29 — The Department of Statistics Malaysia (DOSM) has predicted that the country is heading into an economic recession in the next four to six months. In the Malaysian Economic Statistics Review (MESR), chief statistician Datuk Seri Mohd Uzir Mahidin said that their prediction...
CWB reports Q2 profit down as provisions for credit losses soar
CWB Financial Group reported its second-quarter profit fell compared with a year ago as the economy tanked due to the steps taken to slow the COVID-19 pandemic and its provisions for credit losses more than doubled.
The pandemic has tightened Putin's economic grip but spells trouble for the future
The coronavirus has allowed Vladimir Putin to expand the Russian state's involvement in its economy, but it creates some long-term issues.
Hostel owner Safestay positive it can welcome back guests under new plans
London-listed hostel owner Safestay has said it plans to reopen over the course of the year but with major changes to the experience for customers, the company said.
FDI inflows from Caymans triple
FDI inflows from Singapore fell to $14.7 bn in FY20 from $16.2 bn in the previous year, but held on to its No.1 ranking
NNPC sets $10 oil production cost target by 2021 - Premium Times Nigeria
With its current unit cost between $9 and $22 per barrel, the NNPC says it has set an oil production cost target ceiling of $10 per barrel by 2021.
Covid-19 crisis and India’s next government
The Covid crisis has politicised a new crop of leaders who are young, smart, and committed to the country
Sports Bar Owner, Firefighter Cries After Looters Destroy Business He Put Life Savings Into (VIDEO)
Protests have turned to raging riots in Minneapolis after the death of George Floyd at the hands of police officers.…
US layoffs climb to 41 million despite businesses reopening
WASHINGTON, DC, United States (AP) — An estimated 2.1 million Americans applied for...
Capital Advantage Inc. Makes New Investment in Amazon.com, Inc. (NASDAQ:AMZN)
Capital Advantage Inc. bought a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 607 shares of the e-commerce giant’s stock, valued at approximately $1,442,000. Amazon.com accounts for 0.6% of Capital Advantage Inc.’s portfolio, […]
About 600,000 visitors expected in Cyprus in August
Cypriot Minister of Transport, Communications and Works Yiannis Karousos, said that the country expects to receive about 600,000 passengers in August, noting
USD/CNH struggles to hold near to 7.20, bearish bets of weaker dollar play out
USD/CNH has been sent back to a low of 7.1659 on Friday, travelling from a monthly high printed yesterday and a touch below there today at 7.1770 as E
Corona Havoc Continues in Karnataka, 178 New Cases reported in last 24 hours -
In Karnataka, cases of corona virus infected are increasing very rapidly, in the last 24 hours, the report of 178
Which tech learnings should we keep from lockdown?
The last few months have been a steep learning curve for both IT and business leaders.
Knox County hits red light on COVID-19 phased reopening plan
Knox County has hit a benchmark red light for progress on the reduction of COVID-19 cases, according to standards set by the Knox County Health Department.
Major gaps in government plan for reopening childcare facilities
Major gaps are emerging in the Government’s efforts to reopen childcare facilities including a lack of any plan to fund services and ensure staff are paid if there is reduced capacity.
MP Rigathi Gachagua's Bank Accounts Frozen
The government went after accounts owned by the legislator, a close ally of Deputy President William Ruto after he was...
Coal India share price up 10% in 5 days; a stock to bet on as India’s power demand gets back on track?
A heatwave spreading across north India and the steady resumption of economic activity has caused a sharp spike in the country’s energy consumption, with this Coal India’s share price has also surged 10% in the last five days.
The UK made just 197 cars last month, a drop of 99.7% as coronavirus tanks factory output
The UK produced only 197 cars in April, 99.7% lower than its output in April 2019, with production almost entirely stopped by coronavirus, the S...
Bullring and Grand Central back to full opening on June 15
Birmingham city centre's Bullring and Grand Central has announced that it will officially re-open on 15 June, in line with the latest guidance from the Government.
Saudi Arabia says it provided $40 billion to PIF from foreign reserves
Saudi Arabia says it provided $40 billion to PIF from foreign reserves
CBA offers $150,000 in seed funding to startups helping small businesses
Commonwealth Bank of Australia's fintech investment vehicle, X15 Ventures, is to run a virtual pitch event for startups with technology capable of supporting small business owners, with the winning ideas to receive seed funding of up to $150,000.
Qualcomm, Qorvo & Jabil: Apple Suppliers Have Been Left Behind From The Rally. Time To Buy?
Apple stock is up about 5% year-to-date, despite the Coronavirus pandemic, driven by its strong balance sheet and fast-growing services business, which makes it a safe haven of sorts. However, most of Apple’s suppliers have not fared as well. Our indicative list of 6 key suppliers for the iPhone...
Man United’s pursuit of £44m target has left Real Madrid in fear of another Erling Haaland situation
Man United's pursuit of £44m target has left Real Madrid in fear of another Erling Haaland situation
Pag-IBIG Fund sets P10B construction fund to build more homes, boost economy
Pag-IBIG Fund has increased to P10 billion its home construction fund in a bid to encourage production of housing units for its members and help boost the national economy. “We have alloc
Hawaii budget shortfall now projected to be $2.3 billion | Honolulu Star-Advertiser
There was a lot of guesswork involved, but a panel of experts concluded Thursday that state tax collections will drop by 7% this fiscal year and another 12% next year, leaving Gov. David Ige’s administration with a whopping $2.3 billion budget hole to patch up.
University Community Rises To The Challenge Of Creating Solutions For New Zealand’s Problems
COVID-19 disruption, microplastics disposal, pet data management and marine health are just some of the many problems tackled in this year’s Velocity Innovation Challenge competition.
Williams says any team sale would be to secure F1 future
LONDON (Reuters) - Williams are prepared to end decades of family control and sell the struggling Formula One team to secure its future after tough times on and off the track, deputy principal Claire Williams said on Friday.
Record global corn and wheat crops on the way
World grain production will reach an all-time high of 2.23 billion tonnes, with record-setting wheat and corn harvests.
Asokore Mampong housing project completed, named after Otumfuo
The Affordable Housing project at Asokore Mampong in the Ashanti has been completed and named after the Asantehene, Otumfuo Osei Tutu II.
Young’s says it expects ‘lower sales’ when customers return to pubs
The London-based pub company said it will not pay shareholders a dividend for the past year.
'I don’t want to give my press officer a heart attack': Leo Varadkar defends two metre social distancing ahead of Bank Holiday
Mr Varadkar thanked the public for their response to the guidelines to date and said if they had not been introduced there could have been 30,000 deaths from Covid-19.
Renault to cut 15,000 jobs, save RM9.7 billion by 2024
Lots of movement in the Renault-Nissan-Mitsubishi Alliance lately, what with the reveal of a new business strategy and Nissan both posting severe losses
Gold price dips marginally to Rs 46,929, silver gains
The gold/silver ratio currently stands at 96.89 to 1, which means the amount of silver required to buy one ounce of gold.
Another $650M in COVID-19 aid bound for Indigenous communities, minister says
Federal Indigenous Services Minister Marc Miller says the federal government will spend another $650 million to help Indigenous communities cope with the COVID-19 pandemic.
Jobless and broke, some foreign students stranded in Australia turn to handouts
MELBOURNE: Australia wooed hundreds of thousands of international students to its shores with the promise of a first-class education and ...
Stocks tumble as Wall Street awaits Trump’s China salvo
US stocks tumbled Friday as Wall Street anxiously awaited for President Trump to announce his next economic salvo against China. The Dow Jones industrial average slid as much as 368.97 points, or 1.4
Debate over $600 in jobless aid to intensify as claims rise
The money, included in a government relief package enacted in March, is set to expire July 31.
Statistics Dept: Malaysia should redeploy its unemployed surplus labour to essential services industries
KUALA LUMPUR, May 29 — Malaysia needs a dynamic labour market policy in order to address a labour market disequilibrium which was the result of the Covid-19 pandemic and movement control order (MCO) put in place to control the disease’s infection rate. The Department of Statistics Malaysia...
Fusion Family Wealth LLC Has $325,000 Stock Position in Apple Inc. (NASDAQ:AAPL)
Fusion Family Wealth LLC decreased its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 5.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,277 shares of the iPhone maker’s stock after selling 68 shares during the quarter. Apple makes up […]
Senator sees US sticking to trade deal with China despite pandemic concerns
U.S. Senate Finance Committee Chairman Chuck Grassley on Thursday said he did not expect President Donald Trump to walk away from a Phase 1 trade ...
Hotels report 82% drop in occupancy; recovery unlikely before September
The other key parameter ADR (average daily rate) has come down sharply as well. For instance, the average room rate for a branded hotel in April was Rs 4,113 per night, which was 27 per cent lower than the ADR in the same month last year
Roger Federer ranked by Forbes as sports' top earner at $106 million
Roger Federer earned $106 million pre-tax to helm the Forbes list, edging out Cristiano Ronaldo and Lionel Messi, who have held the No. 1 spot in three of the past four years.
Decision to open shops in malls soon after taking into account health ministry's guidelines
The decision to open shops in malls, will be taken soon, after taking into account the guidelines of the health ministry, the commerce and industry ministry said on Friday.
First-quarter GDP worst showing since 2009: StatCan
Canada's economy had its worst quarterly showing since 2009 through the first three months of 2020 owing to COVID-19, Statistics Canada said Friday, warning an even steeper drop may be coming.
Another $650M in COVID-19 aid bound for Indigenous communities, Miller says
Federal Indigenous Services Minister Marc Miller says the federal government will spend another $650 million to help Indigenous communities cope with the COVID-19 pandemic.
Amazon Sellers Are Marking Products As 'Collectible' To Get Around Price Gouging Rules
Amazon has suspended thousands of third-party sellers for price gouging during the COVID-19 pandemic, but sellers have found a loophole to avoid detection when raising prices: labeling their products as "collectibles," even if there's no conceivable way they could be. The Verge reports: Take this B...
Pharma chiefs say coronavirus vaccine could be ready this year, but challenges 'daunting'
Pharmaceutical company executives say one or several COVID-19 vaccines could begin rolling out before 2021, but warned the challenges would be 'daunting' as it was estimated that 15 billion doses would be needed to halt the pandemic.
Volkswagen invests US$2.2b in Chinese electric vehicle sector
Volkswagen said on Friday it will invest around 2 billion euros ($2.2 billion) in two Chinese companies in the electric vehicle sector, calling it ...
Stocks To Buy In A Post-Pandemic World
The pandemic proved that not only is technology critical, but they can be a lifeline for a business. Insurance has performed very well, enough for most major in
US cuts ties with World Health Organisation over coronavirus response
President Donald Trump has said the US will be terminating its relationship with the World Health Organisation.
Dead Cat Bounce or Real Rally?
Investors are split on whether the rally since late-March is the real-deal or a short-lived bounce. Here's what our quant experts are saying.
Germany, Brussels seal pact on Lufthansa rescue plan, say sources
FRANKFURT, May 30 ― Germany and the European Commission have reached a pact on a giant Berlin-funded rescue plan for coronavirus-hit Lufthansa, a Commission spokeswoman and a source close to the negotiations said yesterday. Since the pandemic hit Europe, the Lufthansa group ― which also...
OnePlus to make affordable phones again, CEO Pete Lau confirms
Back when OnePlus One was released in 2014, the Shenzhen, China-based company had a vision of bringing excellent phones at the most affordable prices ever known. The strategy worked as they were co…
Q4 GDP data today: Why does the growth number matter to us?
Theoretically, the lockdown impacted the economy only in the last week of March. But, in reality much of the normal course of business had slowed down days before the nationwide lockdown came into effect. This is because people movement declined significantly much before the lockdown.
We must create more jobs, not give extra money to public servants
Public sector pay rises in the middle of a global pandemic do not benefit the 8 million people of NSW, many of whom are suffering right now.
Economy needs the support of PSBs, says Union Bank chief
The country’s economy, which has been hit by the Covid-19 outbreak, needs support from the public sector banks (PSBs) to boost credit growth, said an official on Friday. The number of PSBs has come d
Bank of New York Mellon Corp Has $20.07 Million Stake in Match Group Inc (NASDAQ:MTCH)
Bank of New York Mellon Corp boosted its position in shares of Match Group Inc (NASDAQ:MTCH) by 10.9% during the first quarter, HoldingsChannel reports. The institutional investor owned 303,838 shares of the technology company’s stock after purchasing an additional 29,902 shares during the period. Bank of New York Mellon Corp’s holdings in Match Group were […]
McConnell Vows The Next Stimulus Bill Will Be The Last One
Another round of stimulus checks, more state aid, and extended unemployment benefits are all on the line.
Thierry Delaporte as CEO to help Wipro with new ideas, global presence: Analysts
Prior to Wipro, Delaporte was the chief operating officer of Capgemini Group and a member of its group executive board.Analysts believe Delaporte will be expected to deliver on tasks predecessor Abidali Z. Neemuchwala left incomplete
Mortgage repayment cliff beckons
A Senate committee has been told that businesses and households have now deferred around $250 billion worth of loan repayments due to the coronavirus pandemic. However, Australian Prudential Regulation Authority (APRA) chairman Wayne Byres conceded that some customers will not be able to repay their loans when they are required to resume repayments:
Coronavirus impact: Volkswagen rolls out customer-centric financial schemes
Volkswagen India has introduced leasing and finance options for customers who are interested in buying a Volkswagen product.
CBSE cautions people against fictitious officials
CBSE advised its students, teachers to remain vigilant to save themselves from being cheated.
Madras High Court issues notices to Franklin Templeton MF, Sebi: Investors Group
It further said mutual funds and the fund managers should be made to answer questions on their choice of investment, and compliance with regulatory and prudential norms, among others.
Nutanix: Strong Subscription Revenue Proves Bull Thesis
Nutanix reported revenue and billings growth of 11% during the quarter, though subscription revenue grew an impressive 55% and represents ~82% of total revenue.
GST Council likely to meet in mid-June
Tax revenue details withheld till July, officials say no point in disclosing now as returns filing extended
Covid impact: Big tax shortfall raises Centre’s fiscal deficit to 4.6%
Spending kept at 99.5% of RE to support falling economy.
GST collections down 70% in April
April GST collections are for March transactions, and the lockdown started only from March 25, therefore, the poor collection in the month could be mostly due to extension of return filing dates
Government announces €115 million support package for air transport sector
The Greek government on Thursday announced a package of measures amounting to €115 million to support the country’s air transport sector, hit hard by the
Lombardy remains a Covid-19 hot spot with Italy set to open regional borders
Nearly 40% of the country’s cases have occurred in the northern region.
US billionaires have increased their net worth by $485 billion during the last 10 weeks of the pandemic, report says
US billionaires added almost half a trillion dollars to their collective wealth during the past 10 weeks, a report by the Institute for Policy S...
Appliance, garment manufacturers, restaurants to be worst-impacted in FY21: CRISIL
Coronavirus impact: E-tail, according to the report will be an exception as e-grocers such as BigBasket and Grofers, online marketplaces such as Amazon and Flipkart have seen a surge in demand and delivering essential items
‘Wild Rift’: See the first official gameplay for ‘League of Legends’ on mobile and console
LOS ANGELES, May 29 — League of Legends studio Riot Games is to showcase its flagship’s official mobile and console version in a May 29 presentation, starting at 8am PDT/11am EDT/3pm UTC. To demonstrate what League of Legends: Wild Rift is all about in a May 29 gameplay reveal, design lead...
Tea companies fear losing lucrative Chinese market over border conflict
Over the past five years, China emerged as the third largest importer of Indian tea as demand for the black variety has been soaring there
WTI Price Analysis: Oil eyes record monthly surge
While West Texas Intermediate (WTI) crude's front-month contract has backed off from the 2.5-month highs reached earlier this week due to deterioratin
Ryanair customers could be waiting up to six months for refunds
It will take three to six months for Ryanair to get through the backlog of refunds of cancelled flights.
Opera Philadelphia goes online
Over the past five years, Opera Philadelphia has presented no fewer than nine world premieres, scoring multiple awards and winning international audience and critical recognition as 'a hotbed of operatic innovation' that represents 'one of North America’s premiere generators of valid new operas'. Continue Reading →
GWM announces senior leadership for its Indian subsidiary
Auto manufacturer GWM has announced the appointment of James Yang as president for its Indian subsidiary. The company has also appointed Parker Shi as managing director for the Indian subsidiary. Continue Reading →
Exclusive | PE firm ChrysCapital to buy out Capital International's stake in Intas Pharmaceuticals
Capital International wanted to exit the firm because its parent Capital Group is looking to shift focus away from the private equity vertical.
Pending vehicle registrations from pre-lockdown time continue
‘Only negligible vehicle sales happen now’
Franklin Templeton investors can e-vote to monetise assets
Can authorise trustees or Deloitte from June 9-11
Big petrol price increase coming in June – AA
The AA has predicted that fuel prices will rise substantially in June.
Softbank-backed Coupang becomes central to new South Korean COVID-19 outbreak | ZDNet
Over 100 new cases have been linked to Coupang facilities.
Consumer Spending Fell 14% In April, Led By Much Lower Food Expenses
Disposable incomes rose by 13%, lifted by federal coronavirus relief efforts, but a lot of this extra cash ended up in savings accounts.
With New Vehicles on the Horizon, Ford Stock Is Back in Gear
Ford's Mustang Mach-E will give Tesla a run for its money, plus the Bronco and F-150 will get fans excited again
Bank credit shrinks 1.2% in April, gross bank credit falls to Rs 91.53 trn
Loans in the retail segment contracted 2.5 per cent to Rs 24.90 trillion
EUR/USD Forecast: Looking for a Fresh Chance to Buy
The EUR/USD exchange rate has finally cleared the 1.10 hurdle and is quoted at 1.1130 ahead of the weekend. Analyst and technical forecaster Richard Perry at Hantec Markets says he looks to now use an unwind within the pair's channel as a chance to buy
George Eustice gives update on pubs - and beer gardens will be first
"In the case of pubs and restaurants it will begin with beer gardens and outdoor areas."
Expect a big jump in the petrol price next week
In a dramatic reversal of April’s chaotic fuel market, fuel prices are set to climb in June, the Automobile Association (AA) says, citing unaudited month-end fuel price data released by the Central Energy Fund.
US taxpayers' virus relief went to firms that avoided taxes
Reuters’ analysis of public data found around 110 publicly traded companies have each received $4 million or more in emergency aid from the program.
‘Circle of Love’ gathers steam in roti-for-migrants initiative
Informal group of volunteers who roused Mumbaikars into donating thepla rolls finds corporate support
Trump Is Doing All of This for Zuckerberg
The new executive order targeting social-media companies isn’t really about Twitter.
Ice-cream company who struggled to find staff now flooded with applications
“Last year, I struggled to get drivers. We had to pay for ads everywhere and even at that, I might have received 20 applicants in two months"
The Walmart Amazon Whole Paycheck Tracker: Retail Giants Eye Key Acquisitions And Expansions
Both Walmart and Amazon made some big add-ons and/or acquisitions this week as they attempt to widen their sphere of retail influence in a post-pandemic world.
Flashback: Black Business Owner Furious After Business Destroyed During L.A. Riots
Riots broke out in 1992 after cops acquitted in Rodney King trial
Naagin 4: Was Nia Sharma Fired Because Of Her Pay Package, 'It's True My Work Comes At A Certain Price'
In a recent interview with an online portal, Nia Sharma who was the face of Naagin 4 talked about her exit from the show which has come to an abrupt end
US consumer spending sinks by record 13.6% in face of virus
Even with employers cutting millions of jobs, personal incomes soared 10.5 per cent in April, reflecting billions of dollars in support through government payments in the form of unemployment aid and stimulus checks.
Essential Properties: E-Commerce-Resistant Real Estate For The Long Term
Since EPRT focuses on service and experience tenants, it has been hit particularly hard by COVID-19, but it should also fare well in the e-commerce dominated wo
Italy's credit agency SACE approves state guarantees for FCA US$7 billion bank loan: source
The board of Italy's export credit agency SACE has approved state guarantees covering 80per cent of a 6.3 billion euro (US$7 billion) bank loan ...
PruPay Building Text-Based Payments System with PayPal
Payments technology company PruPay has teamed up with Paypal to develop a text-based payments system, allowing merchants to request one-time payments from customers.
Retail inflation for industrial workers eases to 5.45% in April: Labour ministry data
Lauding the efforts of the Labour Bureau which collects and released Consumer Price Index-Industrial Workers (CPI-IW), Labour Minister Santosh Gangwar said the 'cost of living index' data collection and release by the bureau in these difficult times during the lockdown is commendable and would go a long way to help in policy making in the country.
Dua Lipa calls for refugee charity donations as she kicks off 24-hour concert
One Humanity Live is raising money for a variety of charities.
Simon & Schuster names Jonathan Karp as new CEO
He replaces Carolyn Reidy, who died two weeks ago.
Tower Delivers Solid First-half Performance
Kiwi insurer, Tower Limited (NZX / ASX: TWR), has today announced a half year profit of $14.9 million after tax, a $3 million improvement on the same period last year.
Three Ways Technology Can Help Save Retailers
With retail sales plunging, customer experience is more important. Learn how AR, geospatial, and other technologies can help retailers stay close to customers and encourage brand loyalty.
New York City eyes June 8 for first phase of reopening
New York City is on track to begin reopening June 8 as the state gradually loosens restrictions put in place during the coronavirus crisis, Gov. Andrew Cuomo said Friday.
German auto supplier ZF Friedrichshafen to cut up to 15,000 jobs - memo
German car parts supplier ZF Friedrichshafen plans to reduce the workforce by up to 15,000 jobs, or around 10per cent, by 2025 as a result of a ...
Scamsters create fake Facebook account of senior IPS officer in Tamil Nadu
This was an attempt to lure the officer’s followers into transferring money towards a fake finance scheme, police said
University of Limerick issuing €3.5million refund to students for on-campus accommodation rent
Each University of Limerick resident will recoup rent from the date they left their apartment or house
Musicians say breakdown with MSO management 'irreparable'
Players called for the organisation's chairman and managing director to resign in an increasingly public dispute.
Covid-19: Cases rise to 29 240 as death toll hits 611
The number of people who have tested positive for coronavirus in South Africa is now sitting at 29 240.
US cuts ties with World Health Organisation over coronavirus response
President Trump said the US would be ‘redirecting’ the money to ‘other worldwide and deserving urgent global public health needs’.
Epstein estate, victims reach agreement on compensation fund
A fund to compensate victims of Jeffrey Epstein's sexual abuse may begin making payouts soon, after the deceased financier's estate, his accusers and the attorney general of the U.S. Virgin Islands resolved their differences over the process. The accord came 9-1/2 months after Epstein killed
UCO Bank reduces repo-based lending rate by 40 bps
State-run UCO Bank on Friday said it has reduced its lending rate linked to the Reserve Bank of India's (RBI) repo rate by 40 basis points.
'A lot of nurses don't have a work ethic': An Atlanta drug rehab clinic is accused of firing its nursing staff during the pandemic
The clinic's director described the staff as lazy and questioned why nurses were being hailed as heroes.
Has online grocery shopping peaked?
Americans, it turns out, would rather visit a store than buy food online.
Muthoot Capital Q4 profit falls 40% to Rs 14 crore on auto sector woes
The company attributed the poor set of numbers primarily to the troubles in the auto industry arising from the switchover to BS-VI emission norms and also the disruptions caused by the COVID-19 pandemic in the last 15 days of the quarter.
Facebook’s investment in Reliance Industries not surprising: Brett Biggs, CFO, Walmart
Walmart-controlled Flipkart and Amazon jointly hold 80% of the country’s e-commerce sector at present.
Uber lays off more employees
Several employees at Uber’s Hyderabad offices have been laid off, as part of the company’s global job cuts.Employees from the Kondapur office said that the lay-offs started on Tuesday. An exact figure
Coronavirus | ICMR-NIN to take up rapid survey for COVID-19 in twin cities hotspots
The NIN director said this programme is being taken up in five containment zones or hotspot clusters selected randomly.
Alderwood mall is ready for the governor’s green light
The Lynnwood shopping center, closed since March 24, could reopen in June. But expect changes.
Apple Inc. (NASDAQ:AAPL) Shares Bought by FineMark National Bank & Trust
FineMark National Bank & Trust grew its stake in shares of Apple Inc. (NASDAQ:AAPL) by 3.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 211,873 shares of the iPhone maker’s stock after acquiring an additional 6,583 shares during the period. […]
ByteDance plans to shift its power center from China - Gizchina.com
ByteDance plans to shift its power center from China. The company is actively recruiting top executive and engineers outside China
Govt likely to allocate Rs1,000b for Covid-19
Prepares draft for federal budget 2010-21 with a total outlay of Rs7,570 billion
Majesco (MJCO) CEO Adam Elster on Q4 2020 Results - Earnings Call Transcript
Majesco (NASDAQ:MJCO) Q4 2020 Earnings Conference Call May 28, 2020 17:00 ET Company Participants Stan Berger - Investor Relations Adam Elster - Chief Executive
The world's largest marijuana company craters 22% as recreational pot demand sinks amid coronavirus pandemic (CGC)
Canopy Growth cratered as much as 22% on Friday after the company reported its fiscal fourth quarter earnings that missed analyst estimates. The...
Australian pubs face a long road back after lockdown
As the industry toasts the lifting of lockdown laws next week, publicans say bouncing back from the brink is not as simple as pouring a pint.
Should we fear post-pandemic inflation?
Inflation could well go through a yo-yo effect, as is already happening with other economic indicators.
Stock Market Wrap-Up: Yes, This Retail Stock Really Did Hit a Record High Friday
The overall market was mixed to finish the week, but even a hard-hit industry had a big winner.
Sunak scales back furlough scheme as Covid-19 death toll reaches 38,161
British chancellor announces lower wage supports and plans to stem unemployment
Rare Red forest fire warning issued
The forest service has issued a rare Red forest fire warning as high temperatures and dry weather look set to persist into the weekend.
Go-go bars gone as coronavirus hits Bangkok's sex district
Thailand shut bars and clubs in mid-March as coronavirus cases surged. It halted international passenger flights, stopping the tourism that had made Bangkok the world's most visited city for four years. Patpong went dark.
ED attaches Rs 385-cr asset of VVIP choppers case middleman Rajiv Saxena
It said the value of the properties attached is $50.90 million (Rs 385.44 crore) and a provisional order under the Prevention of Money Laundering Act (PMLA) has been issued
Finance Ministry statement on controversial Covid-19 tender
PERMANENT Secretary in the Ministry of Finance and Economic Development, George Guvamatanga, has been in the eye of a storm amid reports he authored a letter to the Health Ministry pushing for the payment of funds to suppliers of Covid-19 equipment.
Early warning: Growth slows to 3.1 per cent in Q4 which had just one week of lockdown
The March quarter estimates dragged the overall GDP growth rate for 2019-20 to an 11-year low of 4.2 per cent, the provisional estimate released by National Statistical Office (NSO) on Friday showed.
Givealittle page raises money for drought-stricken Hawke's Bay farmers
"There is a massive and critical lack of feed, and some farmers are in dire situations, mentally exhausted and trying to keep stock alive."
Deflation fears as eurozone price growth falls to four-year low
Economists highlight dangers of an accompanying drop in demand
What Kind Of Innovation Will We Apply To Build Our Post-COVID Food System?
As we imagine our Post-COVID food system, I want to discuss how we will unleash innovation to modernize a massive, brittle food production system and its support structures. Fundamentally, how can we innovate to better match food supply with demand?
Searching post-Covid real estate landscape in India
Indian millennials are now in favour of buying homes. This is a significant change in their previous outlook, which largely favoured renting almost everything
Paid sick leave mandates hold promise in containing COVID-19
Paid sick leave (PSL) mandates like those found in the federal government's Families First Coronavirus Response Act may be helping to slow the spread of COVID-19, according to a new study by health economists at Georgia State and Tulane universities.
Shaw seeks exemption from having to provide new one gigabit internet service to wholesalers
Shaw argues that its phone-company competitors are not subject to the same requirements as cable companies, which creates 'regulatory asymmetry’
NY Gov. Andrew Cuomo says New York City is on track to begin reopening the week of June 8
"We will stay on track by focusing on the hotspots," Cuomo said. "We know down to the zip code where the infection rate is higher than average."
'Elon Musk Is Not A Lunatic': Revisiting The Dawn Of SpaceX
With SpaceX’s historic private launch of astronauts into orbit, here is the first Forbes profile of Elon Musk from 2003, shortly after the company was founded—and five years before the first Tesla rolled off the line.
Federal Pacific: Power equipment endorsed by Carroll Technologies
Federal Pacific manufacturers a wide range of products used for the generation, distribution, transmission and control of electricity.
Credit flow: Rs 4L crore reverse repo funds sanctioned as loans
RBI data show banks have parked Rs 6.3 lakh crore under the reverse repo route.
SPEECH: Todd Muller - Families, Communities, Small Business
It’s great to be in Auckland.
Coffee maker JDE Peet's shares pop 15% after $17 billion virtual IPO
AMSTERDAM (Reuters) - Shares in coffee maker JDE Peet’s surged 15% in their stock market debut on Friday as investors jumped on the only big European IPO launched during the coronavirus crisis.
Rupee rises 11 paise to 75.65 against US dollar in early trade
The rupee appreciated 11 paise to 75.65 against the US dollar in opening trade on Friday as foreign fund inflows and weak American currency boosted investor confidence. Forex traders said investors
Midwest Hyperloop Route Could Lead To $300 Billion In Economic Benefits
A feasibility study outlines the potential benefits of a corridor linking Chicago, Columbus and Pittsburgh.
#FlashbackFriday: When The Office’s John Krasinski Opened Up On Losing Captain America’s Role To Chris Evans!
#FlashbackFriday: Chris Evans made his MCU debut with Captain America: The First Avenger in 2011. But the role was first offered to The Office actor, John Krasinski. Chris is perfect as Steve Rogers
Asha Mwilu Leaves Citizen TV to Launch Media House
"The industry is looking grim at the moment with media houses closing shop and people being fired but I...
Olympus' (OCPNF) Management on Q4 2020 Results - Earnings Call Transcript
Olympus Corporation (OTC:OCPNF) Q4 2020 Earnings Conference Call May 29, 2020 8:00 AM ET Company Participants Chikashi Takeda – Chief Financial Officer Akihiro
Today In Payments: Mastercard Introduces Recovery Insights Tools; Starling Notches $49M In Funding
In today's top news, Mastercard introduces Recovery Insights tools, Google is mulling a share of Vodafone India, and Starling has raised $49 million.
Discounted Alibaba Stock Is a Tempting Buy Now
Alibaba stock is likely to come under short-term pressure, but its aggressive growth rate makes it a good long-term play.
Rodger Federer tops list of world’s highest-paid athletes
Roger Federer topped the 2020 Forbes magazine list of highest-paid global athletes announced Friday, leading the lineup for the first time with pre-tax earnings of $106.3 million (95.5 million euros).
Nikon Releases Brutal Financial Report, Lays Off 700 in Southeast Asia
After delaying the report—and publishing a revised financial forecast earlier this month—Nikon has finally released its Fiscal Year 2020 financial results. At the same time, the company reportedly cut 10% of its workforce in Thailand and Laos, laying off 700 people.
Ashland Global Holdings Inc (NYSE:ASH) Shares Sold by PNC Financial Services Group Inc.
PNC Financial Services Group Inc. lowered its position in shares of Ashland Global Holdings Inc (NYSE:ASH) by 2.9% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,970 shares of the basic materials company’s stock after selling 690 shares during the quarter. PNC Financial […]
Abdul Aleem Khan dismisses flour price increase by Mills Association
Pakistan Flour Mills Association had increased the price of flour by Rs 120
Businesses to start paying towards furlough costs in August
A final self-employment coronavirus grant is to be made available and businesses must start paying towards the worker furlough scheme from August, the British Government has announced.
COVID-18 Watch: Hotels, airlines look for new revenue streams, hold on to cash to tide over liquidity crunch
Other steps like drastic cost control and a sharp reduction in future supply addition are also in the offing.
McConnell: Next coronavirus bill will be final COVID-19 package
Senate Majority Leader Mitch McConnell (R-Ky.) said on Friday that the next potential relief bill will be the final coronavirus stimulus legislation.
Tokyo shares snap 4-day winning streak amid U.S.-China tensions
Tokyo shares fell Friday, with both the benchmark Nikkei and Topix indexes snapping their four-day winning streaks, amid concern about worsening U.S.-China tensions over Beijing's new security law that Washington says will undermine the autonomy of Hong Kong. The 225-issue Nikkei Stock Average ended down 38.42 points, or 0.18 percent,…
Goldman Sachs president says bank on track to meet growth goals
Waldron was speaking at a virtual conference to investors and analysts who are listening closely for indications on the financial health of the largest US banks and their predictions for an economic recovery.
Mark Cuban lays out his plan to boost post-COVID economy: 'Give people checks that they have to spend'
Billionaire entrepreneur and Dallas Mavericks owner Mark Cuban told "Hannity" Thursday that the issuing of pre-loaded, federally funded debit cards is the best way to spur consumer demand and boost the economic recovery from the coronavirus pandemic.
Businesses Must Start Paying Towards Furlough Scheme From August, Chancellor Rishi Sunak Says
Changes to the Coronavirus Job Retention Scheme will enable businesses to bring back staff part time from July and introduce a taper requiring firms to contribute to...
Shanghala employee denies meddling in ACC probe
AN employee of former justice minister Sacky Shanghala and his business partner James Hatuikulipi denied in the Windhoek Magistrate's Court yesterday that he tried to remove potential evidence
TJ Maxx, Marshalls, HomeGoods expect to reopen end of June
TJX Companies, the stores' parent company, says it expects most of its stores to open by the end of June.
Roger Federer is the world’s highest-paid athlete: Forbes
Roger Federer is back on top. Despite inching closer and closer to retirement, the 38-year-old, 20-time Grand Slam champion — currently ranked fourth in the ATP — topped Forbes magazine’s
Samsung Exclusive Stores in India are Now Suraksha-Certified for COVID-19 Pandemic - Gizchina.com
Samsung has now undergone Suraksha training program for its Exclusive Stores in India. This means that all stores will follow safety and hygiene guidelines.
Coronavirus: Technopath offers employers not-for-profit antibody tests
Tipperary firm sees confidence in testing as crucial to getting staff back to work
UAE job hires - Tech skills are the most wanted
But mid- to senior management positions are worst hit in this downturn, and more to come
Madras High Court issues notices to Franklin Templeton MF, Sebi
Last month, Franklin Templeton had closed six debt funds.
Sapphire Scent boss Wale Jana's headache - The Nation Nigeria
For cosmopolitan ladies and gentlemen within the Lagos and Abuja social radar, Sapphire Scents owned by upwardly mobile socialite, Adewale Adejana...
Redcape Hotel to reopen pubs as restrictions taper off
Listed pub group Redcape says its primed to reopen its doors on Monday, with new-look properties and changes to how it serves customers in the post-pandemic era.
Why Aurora Cannabis Stock Dropped 10% This Morning
Investors seem uncertain that a relatively big bet on CBD oil will pay off.
US money market funds waive fees to stave off negative returns
Decline in yields on short-term debt prompts action from asset managers
Megacap Algo Trade Taking Lumps Right After Everyone Piled In
If there was one thing money managers believed heading into Memorial Day, it was that owning America’s algorithmically powered tech superstars was the surest bet for navigating the crisis.
Surge in rats across UK as 45 per cent more of us call pest control
According to Rentokil Pest Control, there was a 79% increase in traffic to its “signs of rats” webpage in April
Middleby's Premium Is Gone, But Longer-Term Demand Destruction Is A Real Concern
Covid-19 is hammering the foodservice industry, leading to a 9% organic decline in Commercial Foodservice revenue in Q1, and orders have declined sharply in Apr
COLUMN: For real leadership amid crisis, look west of Scott Road
Delta council, under direction of Mayor George Harvie, defines leadership during pandemic
SC issues notice to Tata Sons on cross-appeal of Mistry group firm against NCLAT order
The top court had on January 10 granted relief to Tata group by staying the National Company Law Appellate Tribunal (NCLAT) order of December 18 last year, by which Mistry was restored as the executive chairman of the salt-to-software conglomerate.
French carmaker Renault to cut 15,000 jobs worldwide
French carmaker Renault said Friday it will cut 15,000 jobs worldwide as part of a 2 billion-euro ($2.2 billion) cost-cutting plan, as a brutal drop in industry sales during the pandemic worsened the
First Solar Stock Set To Surge To Pre-Covid Peak Of $57?
Comparing the trend in First Solar stockover recent months with its performance during and after the Great Recession of 2008, we believe that the stock can potentially gain around 20% once fears surrounding the coronavirus outbreak subside, to touch pre-crisis highs of around $57...
K'taka govt notifies ordinance, BDA to legalise unauthorised constructions in Bengaluru
The BDA will levy a penal fee in return for regularisation. These are plots either owned by residents themselves or bought from someone after the BDA notified them for acquisition during the formation of layouts.
"Bleak and depressing reading” - Figures highlight retail sector lockdown woes
The latest national retail figures make for “very bleak and depressing reading” as the effect...
Shri Krishna, Mahabharat most-watched TV shows; mythological genre sees strong traction in COVID-19 times
With the increase in viewership, channels are also increasing their programming for the genre.
Missile park to be set up at INS Kalinga
Agneeprastha will capture glimpses of missile history from 1981 till date
KEC International Q4 results: Net profit down 3% to Rs 193 crore
Revenue during the quarter declined to Rs 3,673.73 crore as against Rs 3,845.51 crore in the year-ago period.
India quarterly growth worst in 2 decades as lockdown bites
India, Asia's 3rd largest economy, expands by just 3.1% in January-March 2020
Post-Pandemic Music Industry Predictions: The Consolidation Of Power
The music industry has been slowly consolidating for years, and the pandemic may accelerate this trend. Major financial transactions around mergers, acquisitions and institutional interest estimate the industry value doubling in a decade, but how will this impact festivals, startups and artists?
CIMFR recruitment 2020: Apply for 23 posts for technical assistant, check details
CIMFR recruitment 2020: A total of 23 posts are on offer. The application process is on and interested and eligible candidates can apply till July 25 at the official website, cimfr.nic.in.
Williams considers selling F1 team after £13 million loss
Williams revealed on Friday that they are considering selling the Formula One team after a multi-million pound drop in the company's financial ...
Challenges ahead as B.C.’s film industry prepares to restart
British Columbia is North America’s third-largest production sector, contributing $3.2-billion in production spending to the province’s economy in 2018-19
Kathmere Capital Management LLC Purchases 3,849 Shares of Apple Inc. (NASDAQ:AAPL)
Kathmere Capital Management LLC increased its position in Apple Inc. (NASDAQ:AAPL) by 68.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,509 shares of the iPhone maker’s stock after buying an additional 3,849 shares during the quarter. Apple accounts for 0.9% of […]
The best deals to expect during Amazon Prime Day 2020
Prime Day 2020 is reportedly coming up in September. Here's how to prepare and what types of deals to expect during Amazon's biggest shopping event.
India's Wipro names new CEO; Thierry Delaporte to take over July 6
Thierry Delaporte to join from Capgemini and will be based in Paris
Singapore top source of FDI in FY20 with investments worth $14.67 billion
In the last financial year, India attracted USD 14.67 billion in FDI from Singapore, whereas it was USD 8.24 billion from Mauritius, according to the data of the Department for Promotion of Industry and Internal Trade (DPIIT).
GDP growth slows to 3.1% in Q4 FY20 but is this the final estimate? Govt caveat leaves room for revision
Growth in the last quarter of FY 2020 has been the slowest since the global financial crisis more than a decade ago.
US major airlines roll out more options to avoid staff layoffs
The top three U.S. airlines, hit hard by the coronavirus pandemic, are rolling out fresh programs to induce tens of thousands of employees to ...
OYO sales down to half amid COVID-19; Ritesh Agarwal explains why future holds little respite too
Coronavirus has put a spanner in the growth of the otherwise stellar performing unicorn startups of the world with homegrown OYO now saying that the sales of the company have come down to half in the past few weeks.
PSNI to step up patrols over weekend as senior officer says R rate has increased
The PSNI are to increase their patrols at resorts, beauty spots and bus and rail stations over the weekend amid warnings that the R rate has risen.
When is the Canadian GDP report and how could it affect USD/CAD?
Friday's economic docket highlights the release of monthly Canadian GDP growth figures for March, scheduled to be published at 12:30 GMT. Statistics C
PG&E Achieves Bankruptcy Milestone as It Fights Probation Conditions
California regulators on Thursday approved Pacific Gas and Electric’s plan for exiting Chapter 11 bankruptcy as the company fought in federal court to block a set of strict new probation terms aimed at preventing wildfires.
Experiment into fake online reviews shows how easy it is to be misled
Fake reviews experiment shows how shoppers are likely to buy poor goods
Planning approval sought for higher density housing estate in Clonmel after An Bord Pleanala’s rejection of application for less homes
A new planning application for the former Eircom site on Clonmel's Thomas Street is seeking permission to build close to double the number of dwellings of a previous proposal for the land that was &nb...
Franklin Templeton to soon start e-voting process for winding up six debt schemes
Sources in the mutual fund industry say that Trustees of Franklin Templeton MF will start sending notices to investors on the voting process and unit holders’ meeting in the next two-three days.
Hog farms in coronavirus crisis need more aid, say producers
More federal aid is needed if hog farmers are to survive the coronavirus pandemic, which has depressed market prices and slowed pork production.
International Update: Global Covid-19 infections exceed 5.8 million – more than 100,000 covid deaths in US
29 May Global: The number of people infected by Covid-19 has exceeded 5.8 million, according to data compiled by Johns...Read More...
Toronto lowers property taxes for music venues
The city is providing immediate and retroactive rent relief to help live music survive the pandemic and recover once concerts return
Measure vs. pandemic threats to FIs approved
A bill seeking to strengthen the resiliency of the country’s financial industry has gained traction with its second reading approval in the House of Representatives.
No, Luckin Coffee Is Not 'Too Cheap'
LK stock has briefly caught a bid this week after falling over 95%. On paper, the numbers for LK can work at the current valuation, given cash on the balance sh
UN chief calls for attention to nuclear, cyberspace security
UN Secretary-General Antonio Guterres said that attention should be given to increasing risk of nuclear proliferation and the lawlessness of cyberspace, while the international community has been fighting the COVID-19 pandemic.
Pie Insurance Secures $127 Million Through Latest Investment Round
Insurtech startup Pie Insurance announced on Thursday it secured $127 million through its latest investment round. The companies that participated in the fundin
P1.3M shabu seized from Nigerian, 3 Pinoys in Bacoor
CALABARZON policemen yesterday arrested a Nigerian national and his three Filipino cohorts after they conspired to sell an estimated P1.3 million worth of shabu to an undercover officer in Bacoor City, Cavite, Police Regional Office 4-A director, Brigadier General Vicente D. Danao Jr. said.
Price crash: NNPC targets $10 oil production cost
’Femi Asu The Nigerian National Petroleum Corporation has said it is looking to drive down the cost of producing a barrel of crude oil to $10 and below in oilfields across the country. The Group ...
Lockdown 4.0: Parents stock up on kidswear with easing of norms
A Delhi-based couple blessed with a newborn in April had a harrowing time. With the baby's birth coinciding with the unexpected nationwide lockdown, they had to resort to borrowing clothes from fr
Tony Watt sticks with Motherwell
The forward joined the club in February.
COVID-19 pandemic: US consumer spending tumble in April
The Commerce Department said on Friday consumer spending, which accounts for more than two-thirds of U.S. economic activity, plunged 13.6 percent last month.
For Yamaha, WFH has ‘no connection with distraction’
It has been a huge learning for everyone, says two-wheeler giant’s India head Motofumi Shitara
Merger of three state-owned general insurers on back burner due to Covid-19
Notably, the boards of the three firms had approved the merger in January and had appointed management consultant firm EY to chalk the road map for the exercise last year
MBC's 'Hangout With Yoo' confirms Yoo Jae Suk, Lee Hyori, & Rain will debut this summer + still considering other members
On May 29, a spokesperson of MBC variety program 'Hangout With Yoo' relayed, "Our trainee Yoo Jae Suk will be forming a co-ed group with legend…
US Pres. Trump reportedly won't announce additional tariffs on China
According to several news outlets, US President Donald Trump won't announce any changes to the Phase-one trade deal with China. Trump is not expected
India GDP Q4: At 4.2% GDP Growth Lowest in 11 Years But Better Than Expected | Explained in 10 Points
RBI Governor Shaktikanta Das said the economic growth in 2020-21 is likely to be in the negative territory as the "macroeconomic impact of the pandemic is turning out to be more severe than initially anticipated".
Nigerians to pay stamp duties on ATM printouts, some WhatsApp messages – FIRS
The Federal Inland Revenue Service (FIRS) revealed that Nigerians will now pay stamp duties on some WhatsApp messages, SMS, and messages via any electronic platform acknowledging receipt of funds. Stamp duties will also be paid by
Flour prices raised by Flour Mills Association
The price of a 20 kg bag of flour has been increased by Rs 120
Bayern Munich to offer Lucas Hernandez to Man City in Leroy Sane deal and more transfer rumours
Bayern Munich will reportedly offer Manchester City defender Lucas Hernandez to try and sign Leroy Sane and more gossip.
AFP: Bulgaria Pins Hopes on TB Vaccine Against the Coronavirus
In the worldwide battle against COVID-19, scientists are investigating whether a century-old tuberculosis vaccine might offer some additional protection against the novel coronavirus. And Bulgaria -- one of the world's leading manufacturers of the vaccine -- is holding out hope of new markets for the many millions of doses it produces each year.
Elon Musk Awarded $800 Million For Doing His Job
Elon Musk has taken Tesla, the world's largest electric vehicle manufacturer, for a wild ride in the last c...
House Democrats launch inquiry into Medicare stimulus payouts
House Democrats launch inquiry into Medicare stimulus payouts
Deep Dive: Offering An End-To-End Experience Through ATMs
This Deep Dive explores the latest ATM banking innovations and credit unions' redefined roles as COVID-19 restrictions alter their relationships with members.
Water and wastewater price changes from 1 July 2020
Prices for water and wastewater services in Auckland will increase by 2.5 per cent from 1 July 2020.
Funds recommend keeping equity allocations on hold at 7-month low: Poll
Asset managers were almost evenly split on whether this year's lows for key indexes would be revisited.
What Could Go Wrong: FinTech Vs. Healthcare Covid-19 Crisis Innovation Series
The COVID-19 crisis presents an opportunity for the healthcare industry to catapult forward, make fundamental changes, and adopt new innovation. But will they take advantage of this opportunity, or will the need to keep the status quo get in the way?
Lucia Wealth Services LLC Has $521,000 Holdings in Amazon.com, Inc. (NASDAQ:AMZN)
Lucia Wealth Services LLC raised its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 25.9% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 267 shares of the e-commerce giant’s stock after acquiring an additional 55 shares during the quarter. Lucia Wealth Services LLC’s holdings in Amazon.com were worth $521,000 at the end of the […]
Japan backs nearly a third of $6.6 billion loans to Nissan: sources
Japan backs nearly a third of $6.6 billion loans to Nissan: sources
Fed chair warns of widening inequality as U.S. consumption dives
United States consumer spending plunges by a record 13.6% in April 2020
Selling My Uber To Get More Uber
A Grubhub deal seems like a foregone conclusion at this point. Uber seems like the most likely winner of a consolidation deal at this time. Other players like D
Teenager launches food delivery business
WHILE many lament the harsh economic effects of the dreaded COVID-19 virus, one innovativ...
BI sees rupiah strengthening to pre-pandemic level as it intervenes in market
BI has injected an additional Rp 167.6 trillion (US$11.33 billion) this month to stabilize the financial system.
Businesses told to start paying furlough bill from August
Chancellor Rishi Sunak unveiled plans for grants for freelancers of up to £6,570 which will also be available from that date.
'In battle between actual and perceived risk, gold to remain directionless'
A substantial correction in gold will only be seen when investors chose to exit the metal.
Elastic: Attractive Expansion Around Its Core Competencies
Elastic is leveraging its core competence in IaaS search technology to expand into the fast-growing cloud security and APM markets. It also continues to maintai
FIIs pare stake in 90% Nifty companies in Q4; trend may continue in coming quarter
The trend may remain unabated in the coming quarters too if the current situation does not change even as there are some positives that are comforting, said experts.
Prices of certain imports such as rice ‘expected to rise’
Bonakele says although prices of essential goods spiked as a result of panic buying, they have since stabilized.
Dollar in narrow range as focus shifts to Trump's China response
Dollar in narrow range as focus shifts to Trump's China response
What do the new furlough rules mean for workers and businesses?
Chancellor Rishi Sunak has announced several changes to the furlough scheme.
Coronavirus protest concert blocked by Utah judge
A Utah judge blocked a concert protesting coronavirus restrictions Friday, siding with county health officials who said the event expected to attract thousands of people could worsen the pandemic.
Rupee settles 14 paise higher at 75.62 against US dollar
The rupee appreciated 14 paise to provisionally close at 75.62 against the US dollar on Friday as foreign fund inflows and weak American currency boosted investor confidence. Forex traders said invest
Man who stole thousands from Ballarat businesses is jailed
A 28-year-old father who stole thousands of dollars worth of items from Ballarat retail stores has been jailed for his "premeditated and persistent" crime spr...
Housing sector faces its worst ever crisis due to Covid-19
Credai chief says Central government should offer a two per cent interest subsidy on home loans
Nearly 1 million people now applying for unemployment benefits in North Carolina
The North Carolina Department of Commerce continues to update its statistics regarding unemployment claims filed during the coronavirus pandemic.
Row over N50b AMCON’s bailout, new loans for aviation
The Asset Management Corporation of Nigeria (AMCON) yesterday disclosed that it injected N50 billion to stabilise the operations of the aviation sector between 2012 and 2020.
RIL Rights Entitlement shares ends at 7% premium over intrinsic value on May 29
The intrinsic value is the difference between Reliance Industries share price (Rs 1,460) and rights issue price (Rs 1,257).
Stocks slip as investors await Trump's Hong Kong response
LONDON — Global stock markets fell and safe havens such as bonds and the Japanese yen gained on Friday, as investors awaited Washington’s response to China tightening control over the city of Hong Kong.
Lagos supports 2,204 businesses in one year to reduce unemployment
Lagos State Commissioner for Wealth Creation and Employment, Mrs Yetunde Arobieke said the Lagos State Employment Trust Fund (LSETF) has supported 2,204 businesses to expand with the aim of reducing unemployment in the state.
Clean energy is outperforming fossil fuels in America, UK and Europe
Renewable power is outperforming fossil fuels in US and European markets, according to a new report published by Imperial College Business School.
Blackmores steadies the ship
The largest shareholder in Australia's biggest vitamins company is positioning for the future on many fronts.
Renault to cut 15,000 jobs in 'vital' cost-cutting plan
French carmaker Renault says nearly 4,600 jobs would be cut in France and more than 10,000 in the rest of the world – some 8% of the company's global workforce
Singaporeans can expect to eat out, hit the gym, shop by end-June
Singaporeans can look forward to hitting the gym, eating out and shopping again when the second phase of the “circuit breaker” exit plan happens, which is expected to take place before June ends if COVID-19 transmissions remain low.
Volkswagen invests 2 billion euros in Chinese electric vehicle sector
Volkswagen said on Friday it will invest around 2 billion euros ($2.2 billion) in two Chinese companies in the electric vehicle sector, calling it "the world's biggest market".
OPEC delivers three quarters of record oil cut in May: Survey
OPEC oil output hit the lowest in two decades in May as Saudi Arabia and other members started to deliver a record supply cut, a Reuters survey ...
Earnings: What Canadian Banks Are Telling Us And Which One Is My Favorite
All Canadian Banks reported their earnings during the week of May 25 th. They all revealed massive earnings decreases due to higher provisions for credit losses
DMO faults Reps, says lawmakers approved $3.18bn Chinese loans
Ihuoma Chiedozie, Abuja The Debt Management Office has said all the loans collected by the Federal Government from China, which are being scrutinised by the House of Representatives, were approved...
Sawkmie seeks govt aid for flood-affected
SHILLONG: Mawlai MLA PT Sawkmie has written to Chief Secretary MS Rao requesting him to sanction financial assistance at the earliest for all the flood-affected districts, so as to enable the district administration to reach out to the people financi
EU says conditions needed in Lufthansa bailout, seeks deal
The EU competition chief said Friday that she is not 'creating extra hurdles' for Lufthansa after the airline balked at accepting a 9 billion-euro German government rescue package because of what it said were tough EU conditions.
Metropolis Healthcare Q4 net profit declines 56% to Rs 15.49 crore
The company had posted a net profit of Rs 34.84 crore for the corresponding period of the previous fiscal, Metropolis Healthcare said in a BSE filing.
Slim Vaccine Chances Make iBio Stock Too Speculative Here
Every investor is betting on a vaccine. Unfortunately, the case for IBIO stock is simply too speculative, as its trials remain under wraps.
Australia cricket faces further cost-cutting despite improved outlook
Australian cricket faces another round of cost-cutting to shore up finances hit by the coronavirus shutdown and no part of the game will be immune, board chief Kevin Roberts said on Friday. Cricket
Closed-End Funds: Eaton Vance's Option Funds
Eaton Vance offers many respectable funds. Today, I wanted to give a broad overview of the option based funds we don't discuss very often. I also wanted to touc
Friday’s small-cap stocks to watch
Our roundup of Canadian small-caps making news and on the move today
Intelsat asks bankruptcy court to clear roadblock for Spaceflight launch business sale
Intelsat is asking its bankruptcy court for authorization to modify a $50 million loan to Spaceflight Industries’ Earth-observation business BlackSky that could become a snag in Spaceflight’s sale of its launch rideshare business.
Forbes removes Kylie Jenner from billionaires list
Olushola Odeyinde Kylie Jenner has been removed from the list of billionaires by Forbes on Friday. The Reality Tv star, Make-up business mogul, and influencer has been accused by Forbes of in...
Russell Investments Group Ltd. Raises Stake in Match Group Inc (NASDAQ:MTCH)
Russell Investments Group Ltd. boosted its position in Match Group Inc (NASDAQ:MTCH) by 117.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,850 shares of the technology company’s stock after buying an additional 25,326 shares during the […]
Ukraine expects US$5 bln IMF loan approval on June 5 – PM Shmyhal
The first tranche of US$1.9 billion may be disbursed the following day.
SA facing ‘hefty’ petrol price increase in June (plus diesel shortages)…
The Automobile Association says South Africa’s fuel prices are set to climb in June in a “dramatic reversal of April's chaotic fuel market”.
China, India soak up oil from floating storage as demand recovers
A total of 3.4 million tonnes of crude oil was discharged from floating storage into Asian markets in the past seven days, with China the top destination at 1.8 million tonnes and India second at 842,679 tonnes.
Marge Redmond, Sister Jacqueline on 'The Flying Nun,' Dies at 95
The former wife of late actor Jack Weston, she also made a living doling out dollops of Cool Whip in commercials.
GBP/USD: New month, new falls amid a never ending Brexit story
GBP/USD cannot complain about the lack of volatility – albeit things are becoming more complex. The first week of June consists of top-tier US publica
VIXM: Here's Why It Is Likely Going To Keep Dropping
VIXM has had a strong year due to the historic rally in the VIX. VIXM tracks the Mid-Term VIX Futures Index, which allows it to reduce roll yield at the cost of
Semler Scientific: High-Quality Medical Stock With Cash Flow Growth And Zero Debt
Semler Scientific's blood-flow measurement product, QuantaFlo, offers major advantages over the more widely-used blood pressure cuff technique. Semler achieved
Modi’s Rs 21 lakh cr package not enough; industry says govt needs to do this for companies to survive
Given the major disruptions caused by the coronavirus pandemic, the industry has asked for increased government spending, direct cash transfers to consumers, and deferment of taxes.
The future of Indian retail post-Covid
After incurring losses of about ₹90,000 crore this lockdown, the organised retail sector is working on strategies to stay in the game
Coronavirus: Chancellor extends support for self-employed but warns of ‘hardship ahead’
Chancellor Rishi Sunak has extended support for self-employed workers and unveiled a new "flexible furlough" system for firms.
Consumer confidence and economic climate partially recover in May
Consumer confidence and economic climate indicators “partially recovered” in May in Portugal, after having recorded “strong reductions in April” due to the covid-19 pandemic, the National Statistics Institute (INE) reported
FDI into India increased 18 per cent to $73 billion in 2019-20
This will spur job creation, says Union Minister Piyush Goyal
Microsoft replace editors with AI at Microsoft News
Microsoft CEO Satya Nadella has always advocated for AI to be used alongside instead of in place of employees, but it seems when the opportunity arose Microsoft was just too happy to take advantage of an all-AI solution. BusinessInsider reports that Microsoft News has just laid off dozens of editors for MSN.com in favour of […]
Tractor Supply (NASDAQ:TSCO) PT Raised to $138.00
Tractor Supply (NASDAQ:TSCO) had its price target boosted by analysts at Royal Bank of Canada from $116.00 to $138.00 in a report issued on Wednesday, The Fly reports. Royal Bank of Canada’s price objective suggests a potential upside of 15.99% from the stock’s current price. A number of other equities analysts also recently commented on […]
Eerie pictures show an empty Drayton Manor as theme park remains shut
Thrill-seekers currently have to stay away
UK challenger bank Starling Bank raises €44.3 million to support small businesses
Today UK challenger bank Starling Bank has raised approximately €44.3 million in a funding round led by JTC and Merian Chrysalis Investment Company Limited. The investment follows an approximate €66.5 million investment in February 2020, bringing the total raised by Starling in 2020 to around €110 m
Apple urgently requests LG to increase LCD panel supply - Gizchina.com
Apple urgently requests LG to increase LCD panel supply. There is a surge in the demand for Apple iPads especially in Asia
Ole Gunnar Solskjaer 'reignites Man Utd's interest' in Jose Mourinho transfer target
Mourinho identified forward Pietro Pellegri as a big talent when the player was plying his trade at Genoa, before Monaco snapped him up for £21million
Peet's Coffee raises $2.5 billion in an IPO despite the coronavirus pandemic
Peet's Coffee raised $2.5 billion in its initial public offering, one of the largest this year despite the coronavirus pandemic. The company an...
Men Hired For Sexual Fantasy Arrested After Breaking Into Wrong House Armed With Machetes
In a sex fantasy gone wrong, two men were arrested after they broke into the wrong house The two men who had been hired for the sexual fantasy were armed
Coronavirus: Rishi Sunak urged by MPs to extend self-employed help
A group of 113 MPs and a 100,000-strong petition warn ending a support scheme would cause hardship.
Oregon woman buys winning lottery ticket with cash from sewing face masks
"I don't play a lot," said winner Lorna Hewitt, who bought her winning Keno-8 ticket at a grocery store in the town of Sisters.
Breaking: SC of The Bahamas to Implement Massive Regulatory Changes
The Securities Commission of The Bahamas is set to implement a range of new regulations, including leverage restrictions and banning binary options.
French carmaker Renault announces 15,000 job cuts worldwide
Struggling French carmaker Renault on Friday announced 15,000 job cuts worldwide as part of a 2 billion-euro cost-cutting plan over three years. Renault said on Friday that nearly 4,600 jobs will be cut in France in addition to more than 10,000 in the rest of the world. The group's global
Afterpay Launches Fund-raising Effort to Help Fashion Industry, Those in Need
The "buy now, pay later" provider said consumers can simply check a box on the app to donate a $1 to the program.
IPOB accuses British govt of masterminding discriminatory activities against Biafrans
The Indigenous People of Biafra, IPOB, Friday accused the British government of masterminding all the discriminatory activities Biafrans.
Roger Federer tops list of world's highest-paid athletes
Roger Federer topped the 2020 Forbes magazine list of highest-paid global athletes announced Friday, leading the lineup for the first time with pre-tax earnings of USD 106.3 million (95.5 million
Ted Cruz, Trump, and other Republicans are pushing a payroll-tax cut that would do little for families suffering financially due to coronavirus
The move would not provide the economy with the adrenaline shot it needs to tide over people already out of work and struggling businesses.
Transfer Talk: Paul Pogba move from Manchester United to Real Madrid hits snag
Paul Pogba's wage demands are holding up a potential move from Manchester United to Real Madrid. Transfer Talk has the latest.
Wedbush Futures Partners with The Small Exchange
Wedbush Futures announced its partnership with The Small Exchange, a new Futures exchange offering smaller, standardized products.
EU economy to rebound ‘quite strongly’ next year says Dombrovskis
The European Commission’s proposed €750-billion coronavirus recovery fund should also help make the bloc’s economy more green and fit for the digital age, Executive Vice-President Valdis Dombrovskis tells Euronews.
Sainsbury's new boss Roberts faces unexpected in-tray
When Sainsbury's new boss Simon Roberts hosts a virtual focus group with supermarket shoppers on his first day in charge on Monday, the ...
Will Hotels Win Back Customers By Cleaning Up Their Act (Literally)?
Hotels have seen their business slowed to a near stop and now they are working to stress cleanliness in a bid to get consumers checking in again.
Trump Action Aside, China Crop-Buying Goal Is Becoming Untenable
Trump Action Aside, China Crop-Buying Goal Is Becoming Untenable
SDF Invests $550K In SatoshiPay For B2B X-Border Solution
The Stellar Development Foundation has invested $550,000 in SatoshiPay's development of a B2B cross-border payments solution and its digital wallets.
Oil surges 5% on U.S.-China trade optimism, falling crude output
NEW YORK (Reuters) - Oil prices soared on Friday, with U.S. futures closing out May with record monthly gains, on hopes that the U.S.-China trade deal would remain intact and on falling crude production.
US stocks erase losses, finish higher after Trump refrains from China sanctions
US stocks gained on Friday, reversing earlier losses, after President Donald Trump said he would take steps to revoke Hong Kong's preferential t...
Kildare businesses call on Government to extend wage subsidy scheme
"Ahead of today’s Cabinet meeting, County Kildare Chamber has called for the Government to reform and extend the Temporary Wage Subsidy Scheme (TWSS) beyond its initial June deadline, and e...
SoftBank Leads $500 Million Funding for Didi Autonomous Unit
Didi Chuxing has scored more than $500 million of funding for its autonomous driving division in a round led by the SoftBank Vision Fund, the first external investment in the Chinese ride-hailing giant’s fledgling self-driving subsidiary.
Seeking kindness after a 'Terrace House' tragedy
The death of 'Terrace House' star Hana Kimura gives new impetus to discussions about cyberbullying.
The Push to Modernize California Courts Hits a Budgetary Wall
The California Judicial Council's push for a digital courthouse is up in the air as the judiciary faces $216 million in budget cuts due to the viral pandemic.
Coronavirus: What help are self-employed getting from government?
What is being done for the five million self-employed people in the UK facing a sudden loss of income?
Identical twins who were former gang members quit, turn millionaires
Sam and Steve Nico Williams, a 38-year-old set of twins have dropped their gang lifestyle and focused on building their own business which has been successful
India’s economy seen slowing rapidly in March quarter, with worse to come
Economists expect worst financial contraction in four decades
Bricks and slaughter as CBDs turn to ghost towns
Billions of dollars are up in smoke in the office heartlands of Australia's biggest cities after workers fled to escape the spread of the deadly COVID-19 virus, leaving investors wondering if the sector can ever regain its reputation as a defensive yield play.
India, US could strike a 'smaller' trade deal in the coming weeks: Indian envoy
India and the US could strike a “smaller” trade deal in the coming weeks, India's ambassador Taranjit Singh Sandhu has said while acknowledging that the unprecedented challenges posed by the COVID-19
'Why are we still struggling?' ask Australia bushfire victims
When the Australian bush went up in flames over the southern hemisphere summer, the world pulled together in support.
Sound the trumpet! Debt jubilees have arrived
Some of the pandemic relief policies around the world are a grand gesture towards forgiveness
The White House's official Twitter account reposted Trump's tweet that was flagged for 'glorifying violence'
After Twitter flagged a tweet from President Trump saying it was "glorifying violence," the White House tweeted it again shortly after 8 am.
Bill would add 15 to 35 years in prison for COVID-19 scam artists
The legislation, introduced late Thursday, would temporarily boost federal criminal penalties by 15 years for pandemic-related fraud and by 35 years for COVID-19-linked counterfeit goods.
Judge demands Capital One release Mandiant cyberforensic report on data breach | ZDNet
Attorneys suing the company will now have access to the report in preparation for a potential trial.
Wale Jana sends heartfelt apology to his investors
Embattled business man and CEO of Sapphire Scents, Wale Jana has taken to social media to apologize to his investors, as he submits himself to an independent recovery plan. Wale Jana’s business crumbled and investors’ money
Wipro shares gain nearly 4% on Thierry Delaporte’s appointment as CEO, MD of company
Shares of Wipro on Friday jumped nearly 4 percent after the company announced the appointment of Capgemini Group veteran Thierry Delaporte as its Chief Executive Officer and Managing Director, effective 6 July, 2020
Farming Community Network mark 25 years of supporting region's agriculture
Farmers across Devon have marked the 25th anniversary of the Farming Community Network (FCN), by walking 25 miles
Appreciate difficulties of PMC bank depositors on moratorium on withdrawals, Delhi HC to Centre, RBI
A bench of Chief Justice D N Patel and Justice Prateek Jalan said upon receipt of any representation from any individual or group of depositors in this regard,
The HP example: How to do collaboration and remote work right
Companies that figure out how to carry on successfully with a distributed workforce can emerge from the ongoing pandemic stronger than before. HP offers lessons on how to do that.
Tribute to Waheed Bakare - The Nation Nigeria
My tribute to Waheed will not be completed if I do not mention that he was humane, kind-hearted and generous. Many people have wrong impression....
The 99p hay fever remedy wipes that one shopper claims 'gave my son his life back'
Here is where to buy the bargain product...
India's economy seen slowing rapidly in March quarter, with worse to come
Gross domestic product data out later on Friday is expected to show India's economy grew at its slowest pace in at least two years in the March quarter as the coronavirus pandemic weakened already
NY Fed's GDP Nowcast for Q2 2020 falls to -35.5%
The US economy is expected to contract by 35.5% in the second quarter of the year, the Federal Reserve Bank of New York's latest Nowcasting Report sho
Use of public transport likely to reduce for 6 months post-lockdown: CSE survey
The CSE's perception survey on changing commuting choices post-pandemic included over 400 middle and high-income groups in Delhi and surrounding NCR cities.The first results show public mood is changing.
White House Punts Economic Update in Election Year
The White House has taken the unusual step of deciding not to release an updated economic forecast as planned this year, a sign of the administration's anxiety about how the coronavirus has ravaged the nation just months before the election.
US indicts North Koreans, Chinese over money laundering
WASHINGTON, DC: The US Justice Department indicted 28 North Koreans and five Chinese on Thursday (May 28), for operating a money laundering ring ...
Strictly Discs in Wisconsin, in a Pandemic: 'I Feel a Responsibility to Our Community'
As Dane County enters Phase 1 of reopening, Strictly Discs owner Angie Roloff has expanded the in-store capacity of her Madison record shop.
The Government Will Refund Millions Of Dollars To People Affected By Robodebt
Around $721 million is expected to be refunded to people who were affected by the government's disastrous robodebt scheme.
Zscaler, Inc. (ZS) CEO Jay Chaudhry on Q3 2020 Results - Earnings Call Transcript
Zscaler, Inc. (NASDAQ:ZS) Q3 2020 Results Conference Call May 28, 2020 04:30 PM ET Company Participants Bill Choi - SVP, IR Jay Chaudhry - Chairman and CEO Remo
Google could pick up stake in Vodafone Idea
A report in the Financial Times says Alphabet, Google’s parent company, is looking to buy 5 per cent stake in Vodafone's India business.
British American Tobacco contests South African lockdown ban
British American Tobacco South Africa says a continued ban on legal cigarette sales threatens the sector and the livelihoods it supports
Pakistan to float $1.5b Eurobonds
Move comes after inflow of hot foreign money proved costly
Businesses told to start paying furlough bill from August
Chancellor Rishi Sunak unveiled plans for grants for freelancers of up to £6,570 which will also be available from that date.
Louisiana House votes to create $300 million business fund
The Louisiana House of Representatives on Thursday voted to set aside $300 million in federal pandemic relief aid for small businesses.
UK automotive production at lowest level since WW2, to cost industry $15B
With auto factories closed due to coronavirus, it's clear that production was going to take a hit. Now we know just how big an impact it had in the UK.
Redcape Hotel to reopen pubs as restrictions taper off
Listed pub group Redcape says its primed to reopen its doors on Monday, with new-look properties and changes to how it serves customers in the post-pandemic era.
Germany Reaches EU Deal on $9.9 Billion Lufthansa Bailout
The German government worked out its differences with the European Commission over a 9 billion-euro ($9.9 billion) bailout of Deutsche Lufthansa AG, clearing the way for the rescue of Europe’s biggest airline to move forward.
Spirit Aerosystems Holdings: Strong Enough To Challenge This Crisis
Spirit AeroSystems Holdings, Inc. has built up a strong cash position to challenge the current crisis. Spirit and its customers - Boeing and Airbus have exclusi
Property investor IPUT increases revolving credit facility by €50m
IPUT, one of Ireland's largest institutional property investors, has increased its revolving credit facility (‘RCF’) by €50m to €300m.
Lawrence Weekly to host town hall on small businesses reopening
Clark County Commissioner Lawrence Weekly on Monday is hosting a Facebook town hall to answer questions that businesses might have as they set to reopen.
Ted Cruz, Trump, and other Republicans are pushing a payroll-tax cut that would do little for families suffering financially due to coronavirus
The payroll-tax cut has gained support from Trump and several other GOP lawmakers and conservative economists eager to jumpstart growth.
No decision taken on setting up bad bank: Finance Ministry official
Even the Economic Survey 2017 had proposed this idea, suggesting the creation of a bad bank called Public Sector Asset Rehabilitation Agency (PARA) to help tide over the problem of stressed assets.
Cruise ship ban extended, effectively scuttling season in Greater Victoria
The cruise-ship season that was forecast to bring more than three quarters of a million passengers to Victoria’s shores — and an estimated $130 million in economic activity — has . . .
Newcastle takeover latest as Premier League chief Richard Masters responds to questions
Newcastle United's £300million Saudi takeover, which would end Mike Ashley's 13-year reign on Tyneside, has still not been made official, although it increasingly appears only a matter of time
Parents settle lawsuit over disabled son's forced baptism
The parents of a disabled Ohio teen have settled a lawsuit against a church and others over what they said was the boy's forced baptism at a picnic in 2016, the parents' attorneys said.
Consumer confidence lifts in May but still at record lows - bank survey
Major purchase intentions have improved but over half of respondents expect bad times ahead.
Apple Inc. (NASDAQ:AAPL) is Canton Hathaway LLC’s 4th Largest Position
Canton Hathaway LLC lowered its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 1.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,627 shares of the iPhone maker’s stock after selling 153 shares during the quarter. Apple makes up 2.1% of […]
Trexquant Investment LP Has $499,000 Holdings in Clean Harbors Inc (NYSE:CLH)
Trexquant Investment LP raised its stake in Clean Harbors Inc (NYSE:CLH) by 4.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,710 shares of the business services provider’s stock after acquiring an additional 382 shares during the quarter. Trexquant Investment LP’s holdings […]
Pandemic accelerates desire to pass down wealth
Fear over potential tax rises leads to a rise in people gifting assets to family members
Swiss National Bank Acquires 2,100 Shares of Global Blood Therapeutics Inc (NASDAQ:GBT)
Swiss National Bank increased its holdings in shares of Global Blood Therapeutics Inc (NASDAQ:GBT) by 1.8% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 116,800 shares of the company’s stock after purchasing an additional 2,100 shares during the quarter. Swiss National Bank owned […]
Psychologist on Mental Health After Covid: Online Sessions ‘Equally as Effective’ as Face to Face
Prince William has stated that the mental health of NHS workers could be affected by the pressures brought on by the ongoing Coronavirus Pandemic.
No coverage for businesses impacted by COVID-19, says IAJ
Insurance Association of Jamaica (IAJ) President Vernon James says whil...
Australian pubs face a long road back after lockdown
As the industry toasts the lifting of lockdown laws next week, publicans say bouncing back from the brink is not as simple as pouring a pint.
Diane Dodds – Furlough changes incredibly difficult for some firms in NI
Around 200,000 people have taken part in an unprecedented official initiative to save jobs during the lockdown.
Liberia embarks on a cost-reflective electricity pricing study
In efforts to attaining cost-reflective electricity pricing, the Liberia Electricity Regulatory Commission has begun a Cost of Service Study.
In Poland, key automotive industry has been hit most by crisis
Poland has a traditionally developed automotive sector, which normally is a driving force for the country’s industry and exports. This spring, however, passenger car production has dropped by 99% on an annual basis in Poland, according to the Polish Central Statistical Office, DW reports.
The contrarian case for Hong Kong stocks, Rosenberg on when markets will dive, and are Canadians relying too much on savings accounts?
A roundup of investment ideas for active investors
Uber introduces a new hourly rate for longer, multistop trips
Uber will charge $50 an hour for these longer trips.
Ex-butler of Jeffrey Epstein believes Prince Andrew 'maybe has something to hide'
EXCLUSIVE Breaking his decades-long silence, Juan Alessi, 70, claims he set up massage tables for Prince Andrew each day during an extended stay the Duke had at paedophile Epstein's home
B2B Payments, Financing Lead Week’s FinTech Funding
B2B FinTech investors target B2B payments and small business financing with new funding rounds for Fundbox, Suryoday and others.
Datalogic Makes Investment in AWM Smart Shelf
The deal positions Datalogic for growth into new technology areas.
Sales soar in the sunshine as beer lovers drink at home
Beer sales are soaring as people enjoy the summer lockdown in their gardens.
Rural income is likely to shore up in coming months; Nestle’s Suresh Narayanan explains why
While declining rural incomes have caused much woes to India’s FMCG sector, the same is expected to shore up in the coming months thanks to various factors such as good monsoon.
Clark has been a bridge builder in Nigeria – Edevbie
CHIEF of Staff to Delta state Governor, Olorogun David Edevbie has described Chief Edwin Clark as a bridge builder across all divides in...
Govt reducing income of SBI depositors by reducing interest rates: Congress
The Congress on Friday accused the BJP government of reducing income of State Bank of India (SBI) depositors by bringing down interest rates and demanded that the previous rates be restored. The
GST hike in non-essential items ruled out
Govt says ‘no’ for printing notes to bridge deficit
Ryanair expects air fares to fall when flights take off again
’We think it’s pretty clear that for the next 12 months prices are going to be way down,’ says Michael O’Leary
Why Goldman Sachs Is Running Downmarket To Embrace RIAs With Recent Acquisitions
Goldman Sachs continues to build its retail wealth management business, buying boutique custodian Folio Financial last week after the acquisition of United Capital last year
Citi indicator sees 70% chance of market losses from here
Daily roundup of research and analysis from The Globe and Mail’s market strategist Scott Barlow
Sappi donates essential items and products for Covid-19 relief
Sappi’s procurement department is also busy sourcing gloves and hand soap which will be added to the list of items to be donated.
Jon Jones goes off on Dana White for ‘lying’ about ‘absurd’ money demand - ‘It’s absolute bullsh*t!’
Jon Jones took to social media to fire off on Dana White, accusing him of lying about the absurd money demand he allegedly requested to fight Francis Ngannou.
BookMyShow lays off, furloughs 270 employees
Online ticket booking platform BookMyShow has laid off or furloughed 270 employees as it expects its revenue to be "greatly reduced" in the coming months, hit by the COVID-19 pandemic and lockdown.
WHO, 37 countries launch alliance to share tools to battle COVID-19
ZURICH (Reuters) - Thirty-seven countries and the World Health Organization (WHO) appealed on Friday for common ownership of vaccines, medicines and diagnostic tools to tackle the global coronavirus pandemic, taking aim at patent laws they fear could become a barrier to sharing crucial supplies.
Starling Bank boosts its support for small and medium-sized businesses
Starling Bank is continuing to beef up its B2B banking and payments services following a fresh round of investment.
Sugar unit in Vizianagaram agrees to clear ryots’ dues within two months
Parvathipuram MLA, Collector take the initiative
The Markets End The Week In An Uptrend (Technically Speaking For 5/25-5/29)
The leading indicators points toward a continued contraction. The coincidental data shows the sharpest contraction in the last 100 years. The overall trends rem
Can I go for a bike ride with my friends during the pandemic?
With more people escaping self-isolation for a springtime bike ride, infectious disease specialists say cycling may be one of the safer choices for outdoor activities during the COVID-19 pandemic.
Monica Crowley: House Bill Would Add Flexibility to Small Business Loans
Treasury's spokeswoman explained on Friday how the Paycheck Protection Program would be changed to make it more useful for small businesses. | Economy
French carmaker Renault announces 15,000 job cuts worldwide
The group's global production capacity will be revised from 4 million vehicles in 2019 to 3.3 million by 2024, the company said. "The difficulties encountered by the group, the major crisis facing the automotive industry and the urgency of the ecological transition are all imperatives that are driving the company to accelerate its transformation," it said in a statement.
Morgan Stanley not given advisory role on Aramco pipeline sale: Sources
The U.S. investment bank, which has previously advised the world's largest oil company, was originally looking to be part of the advisory group on any deal, the sources added.
Aston Martin: Dealt Great Cards Now They Need To Play The Hand Better
Aston Martin recently reported disappointing Q1 results, continuing the share price free fall. Aston Martin shares are now down 94% since IPO, leaving many to w
Release salary of FC employees: EJAC
Employees Joint Action Committee on Thursday urged the government to release the pending salary of the employees of Forest Corporation. A statement said
Exxon Mobil: Higher Oil Prices To Recover Share Price
Exxon Mobil is one of the world’s largest oil and gas companies. The company’s business has been hit hard by coronavirus outbreak but oil prices may quickly rec
Softbank-Bharti JV in talks for $500-$750 million fundraise: Report
Potential investors such as infra-focused private equity funds, sovereign wealth funds, global utilities and pension funds will be formally approached in the next weeks
Canopy Growth reports $1.3B fourth-quarter loss, hits reset on strategic focus
Canopy Growth Corp. is rethinking its first-to-every-market strategy after reporting a $1.3-billion loss in its fourth quarter.
Japan revises law to make more part-timers join pension program
Japan revised a law Friday to make more part-time, and other nonregular workers join the employee pension program as well as allow eligible recipients to choose to start receiving benefits from the age of 75. Currently, part-time workers join the program only when they work 20 hours or more a…
Heritage Investors Management Corp Sells 8,501 Shares of Apple Inc. (NASDAQ:AAPL)
Heritage Investors Management Corp decreased its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 3.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 244,454 shares of the iPhone maker’s stock after selling 8,501 shares during the quarter. Apple makes up […]
Renault to cut 15,000 jobs in US$2.2b cost cutting plan
PARIS: French auto giant Renault plans to cut around 15,000 jobs worldwide, including 4,600 in France, as part of a two billion euro (US$2.2 ...
Wipro share price gains nearly 6% after Thierry Delaporte named new CEO and MD
Wipro share price climbed 5.6% to the day's high of Rs 210.5 on the BSE against the last closing value of Rs 199.30. Volume-wise, 18.8 lakh and 162 lakh shares were trading on BSE and NSE counters, both above the 5, 10 and 30-day average
Renault to cut 15,000 jobs
French carmaker Renault said Friday it will cut 15,000 jobs worldwide as part of a 2 billion-euro ($2.2 billion) cost-cutting plan, as a brutal drop in industry sales during the pandemic worsened the company's pre-existing problems.
Nissan Shares Fall as Turnaround Spending Leads to Massive Loss
Nissan Motor Co. shares fell as much as 7.7% after the Japanese automaker posted a 671 billion yen ($6.2 billion) net loss for the latest fiscal year due to new restructuring measures and the coronavirus pandemic.
Nearly 1.5m payment holidays handed out by banks and lenders
UK Finance, the banking trade body, said it has now helped 30 million customer accounts during the coronavirus crisis.
Silver rises on improved industrial demand outlook, rise in US-China tensions
In the futures market, silver for July delivery touched an intraday high of Rs 48,868 and a low of Rs 48,452 per kg on the MCX.
Nissan will focus on Japan, China and North America, to discontinue production in Indonesia and Spain
Datsun brand will be withdrawing its operations from Russia
India's Test series can happen in as little as one venue depending on circumstances: Cricket Australia
Cricket News: Cricket Australia has not ruled out the possibility of the Covid-19 pandemic forcing a change in the schedule for India's tour with the board still ke
Chilean regulator approves Uber's purchase of Cornershop grocery app
SANTIAGO (Reuters) - Chile’s antitrust regulator said on Friday it had approved “without conditions” Uber’s purchase of Chilean online grocery provider Cornershop, clearing a key hurtle for the ride-hailing company as it seeks to expand into the delivery of groceries and other goods.
GoFundMe created for George Floyd memorial raises more than $2M in 48 hours
A GoFundMe account created to raise funds for the memorial of George Floyd, the black man who died after a white Minneapolis police officer forcefully kneeled on his neck during his arrest on Monday, has
Buyanga receives 'death' threats from baby mama's dad
BUSINESSMAN Frank Buyanga has received what sounds like death threats by his baby mama, Chantelle's father, Lawrence Muteswa.The threats could spark more discom...
European stocks fall on rising U.S.-China tensions
European stocks fell Friday, with investors ahead of a press conference by President Donald Trump over China, amid rising tensions between the countries,...
Crude oil prices fall but remains set for biggest monthly gain in years
US West Texas Intermediate (WTI) crude was down $1.28, or 3.8 per cent, at $32.43.
Williams says any team sale would be to secure F1 future
Williams are prepared to end decades of family control and sell the struggling Formula One team to secure its future after tough times on and off ...
Reality check for hot city fringe office markets
Vacancy in city fringe office markets is expected to almost double by the end of next year.
First-quarter earnings to be adversely hit by lockdown, here’s how to invest | Angel Broking INTERVIEW
With the nation-wide lockdown spreading over two months of the first quarter of financial year 2020-21, it is a given that India Inc’s first quarter earnings are to be adversely impacted.
Food Is Essential, So Sell Naked Puts On Performance Food Group
We love businesses that are essential to humans. Food distribution is one such business, and Performance Food Group is a value play. Selling naked puts against
India, US could strike a 'smaller' trade deal in the coming weeks: Indian envoy
The two countries have been negotiating a trade package to iron out issues and boost two-way commerce.
Electricity distribution operators survived COVID-19 emergency
Electricity distribution operators successfully kept lights on for the world during the lockdowns imposed in the initial stages of COVID-19 emergency.
Saudi Arabia moved US$40 billion in reserves to sovereign fund
The move comes as the world’s largest crude exporter faces exceptional fiscal pressure from a crash in global oil markets.
Covid-19 could Lead to Loss of $ 8500 Billion in Global Output: Secretary General -
United Nations chief Antonio Guterres has warned that the Covid-19 pandemic may cause unimaginable catastrophe and may lead to severe
India's Test series can happen in as little as one venue depending on circumstances: Cricket Australia
Cricket Australia has not ruled out the possibility of the COVID-19 pandemic forcing a change in the schedule for India's tour of the country with the board still keeping the door open for hosting
Council-run markets to start selling more goods including plants and cakes
More stalls will be joining food traders on markets in west Suffolk from next week.
Market movers: Stocks seeing action on Friday - and why
Laurentian down sharply after dividend cut; Canopy sinks on earnings
Japan bankruptcies seen rising to seven-year high amid pandemic
A global economic slowdown triggered by the COVID-19 pandemic is causing companies to go out of business around the world.
Coronavirus: People 'will have to limit contact for a long time into the future'
People will have to limit their contacts with other people for a long time into the future despite the pandemic easing, a health expert has said.
Tencent in talks to buy Warner Music stake: report
The listing by the world’s third-largest recording label could potentially be the largest New York IPO so far in 2020.
Only 2 of YouTube's earliest employees are still at the company — here's what YouTube's first 10 employees are up to now
YouTube has come a long way since 2005. Back then, YouTube had only 10 employees, plus cofounders Chad Hurley and Steve Chen.
WHO, 37 countries launch alliance to share tools to battle COVID-19
Thirty-seven countries and the World Health Organization (WHO) appealed on Friday for common ownership of vaccines, medicines and diagnostic tools to tackle the global coronavirus pandemic, taking aim at patent laws they fear could become a barrier to sharing crucial supplies. While the push by mostly developing nations, called the…
Washington DC starts to reopen, but not everyone is ready
The nation's capital began its phased-in reopening Friday in fits and starts, with not everyone ready for even a limited return to pre-pandemic normality after a three-month-old stay-at-home order was
A white venture capitalist threatened to call the police on a group of black men in a Minneapolis gym, and a video of the incident is trending
Tom Austin, a venture capitalist, later apologized and said a building manager's email previously flagged concerns of non-tenants using the gym.
Record-breaking spring sunshine boosts British strawberry crop
Tesco berry buyer Laura Mitchell said the good weather has resulted in ‘exceptionally good quality and sweet strawberries’.
Markets buck global trend, march higher for third day
On Friday, the benchmark Nifty was up by 90.20 points or 0.95% to close at 9,580.3. The 30 share index Sensex was up by 223.51 or 0.69% to close at 32,424.1.
Self-employed scheme extension leaves ‘vulnerable at risk’, says arts trade body
Caroline Norbury, Creative Industries Federation CEO, warned against a ‘cliff-edge’ end to support.
Satoshi Nakaboto: ‘Winklevoss deal brings BTC trade to Samsung users in US and Canada’
Our robot colleague Satoshi Nakaboto writes about Bitcoin every fucking day. Welcome to another edition of Bitcoin Today, where I, Satoshi Nakaboto, tell you what’s been going on with Bitcoin in the past 24 hours. As Stephen Hawking used to say: Let’s get this bread! Bitcoin price We closed the day, May 28 2020, at […]
The White House's coronavirus postcards cost the struggling Post Office $28 million
It's yet another complication for President Trump's strained relationship with the federal agency, which receives no taxpayer funding.
Sagar Cements Q4 profit down 94% to Rs 1.18 crore
The Hyderabad-based company had posted a net profit of Rs 18.75 crore in January-March, 2018-19, Sagar Cements said in a BSE filing.
Socso says received 302,997 applications for Wage Subsidy Programme
KUALA KUMPUR, May 29 — The Social Security Organisation (Socso) has received 302,997 applications from employers involving 1.98 million workers for the Wage Subsidy Programme (PSU) from April 1 until May 27. Socso’s chief executive officer Datuk Seri Mohammed Azman Aziz Mohammed in a statement...
'Make Europe Great Again' recovery fund to reverse euro's fortunes: BofA
'Make Europe Great Again' recovery fund to reverse euro's fortunes: BofA
Tobias Moers: Engine king of Mercedes takes wheel at Aston Martin
AMG chief is ‘diametric opposite’ of ‘nice’ predecessor Andy Palmer
Recent Hiring Data Shows Gaming And Esports Companies Not Immune To Economic Woes
Consumers are turning to gaming and esports companies for entertainment during difficult times. So how are these companies faring during the pandemic?
Magic Leap CEO to step down
Mixed reality headset manufacturer Magic Leap announced founder and CEO Rony Abovitz will leave his ...
Apple Inc. (NASDAQ:AAPL) Shares Acquired by Noesis Capital Mangement Corp
Noesis Capital Mangement Corp lifted its position in shares of Apple Inc. (NASDAQ:AAPL) by 3.9% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,412 shares of the iPhone maker’s stock after buying an additional 541 shares during the period. Apple […]
Buhari submits Nigeria's budget to parliament
The proposal sent to both chambers of Parliament on Thursday is only marginally lower than the record 10.59 trillion naira budget approved in December by Buhari. It follows the inclusion of new items,
French carmaker Renault announces 15,000 job cuts worldwide
PARIS — Struggling French carmaker Renault on Friday announced 15,000 job cuts worldwide as part of a 2 billion-euro cost-cutting plan over three years.
New Set Of Reforms Will Help Transform Agriculture From A Bottomless Pit Of Subsidies To An Enterprising Industry
Tech-enablement of the agricultural value chain and information dissemination among stakeholders is important.
Indian IT to get first non-Indian CEO in Wipro’s Thierry Delaporte
Thierry Delaporte, who will take over as CEO and MD on July 6 replacing incumbent Abidali Neemuchwala, is chairman Rishad Premjis choice to steer Wipro from a decade-long streak of below-par growth that has lagged peers. Rishad took over as Chairman of Wipro from his father Azim Premji last July.
Josh Gad’s Daughters Want Him To Be Moana Instead Of Olaf
Olaf might be the breakout star of Disney's "Frozen" but Josh Gad, who voices the adorable snowman, says his daughters aren't impressed. "My girls really wish Moana was their father," Gad said while on "The Graham Norton Show". RELATED: Josh Gad Brings Tom Hanks And Daryl Hannah Back Together For ‘Splash’ Reunion "I have to…
Four Tests at one venue could be a possibility
PTI Melbourne Cricket Australia has not ruled out the possibility of the COVID-19 pandemic forcing a change in the schedule for India’s tour of the coun
ASIC bans ex-Linchpin Capital boss Peter Daly for five years
Two fellow directors have also been banned by the corporate regulator after a failed attempt to keep.
Venture Kapitalist Karen loses his lease after complaining that black men were in an office building gym
Tom Austin, AKA “Venture Kapitalist Karen,” had his office lease terminated after a video showed him calling the building manager to complain about a group of black men in the office gy…
CMC makes ‘anti-Covid divider’ for PUVs
Centro Manufacturing Corp., a truck body builder, is now producing dividers for public utility vehicles to help prevent the spread of the coronavirus disease 2019 in public transportation.
Restarting The American Economy: The Most Essential Factors
According to some sources, unemployment is expected to reach 25.2% by the end of this year.
Google launches Plus Codes for Maps
Google has announced its Plus Codes feature is now available in Google Maps for Android.
U.S. Weekly FundFlows Insight Report: ETF And Fund Investors Become Slightly More Risk Seeking During The Week
For the thirteenth consecutive week, investors were overall net purchasers of fund assets (including those of conventional funds and ETFs). Fund investors were
When every order is a seed: How to buy produce in advance and aid farmer rescue projects
Apples, honey and veterinary kits — how these social entrepreneurs are getting consumers involved in farmer rescue projects
Lamborghini Sian Is The Best Lego Car We've Ever Seen
Last year at the 2019 Frankfurt Auto Show, Lamborghini presented the Sian, the Italian automaker's first hy...
New Zealand close to virus eradication despite grim global figures
The US economy is also showing signs of deep and long-lasting damage despite some businesses reopening.
Bio-Rad: A Very Interesting Short-Term Investment Thanks To Gains On Sartorius Holding
Bio-Rad's 2 Core business divisions: Life Sciences and Clinical Diagnostics posted so-so results in Q120 delivering net profits of $74m. Although both divisions
WHO, 37 nations launch alliance to share tools to tackle Covid-19 pandemic
“WHO recognises the important role that patents play in fuelling innovation but this is a time when people must take priority,” WHO Director General Tedros Adhanom Ghebreyesus told an online news briefing.
Amazon in talks for new 750-worker Dublin office despite virus
Amazon is in talks to rent an office block in Dublin with space for about 750 workers.
Ministry calls for enforcement of social distancing measures
“The pictures of people moving and mingling as if it is normal is very worrying. We need to see people social distancing because the disease is very deadly, infectious...
Another delay in release of SAA rescue plan
Rescue practitioners Siviwe Dongwana and Les Matuson have asked creditors for another extension — the fourth thus far — to the deadline to publish SAA’s business rescue plan.
Asian shares set to dip in choppy trade over worries about worsening US-China ties; dollar slips, oil prices give up gains
Oil prices gave up some of their gains overnight, as concerns that Trump could impose sanctions on China over Hong Kong and a surprise build in inventories overshadowed a steady improvement in US refining activity
Barbershops, gyms, restaurants to be reopened in modified GCQ areas, says Secretary Lopez
Areas in the Philippines which will be downgraded to the modified general community quarantine (GCQ) will witness the reopening of businesses such as salons, gyms, and barbershops, Trade Secretary Ramon Lopez said today in an exclusive interview...
ED attaches assets of accused-turned-approver Rajiv Saxena in VVIP chopper scandal
The ED on Friday said that assets belonging to Saxena have been attached under Prevention of Money Laundering Act, 2002 (PMLA) in Agusta Westland Chopper scandal and Moser Baer Bank Fraud case allegedly involving Ratul Puri, nephew of former Madhya Pradesh Chief Minister Kamal Nath.
Canopy Growth Stock Is Still Among the Most Compelling Marijuana Plays
CGC stock is well-positioned to become a leader in the cannabis industry with its steady partnership with a beverage industry giant.
Starling Bank Scores Another £40 Million from Existing Investors
Starling Bank, a UK-based challenger bank, has raised £40 million (around $49.2 million) in the latest funding round from its existing investors.
Agent Scott Boras urges clients not to 'bail out' MLB club owners
Agent Scott Boras recommends his clients refuse Major League Baseball’s attempt to cut salaries during negotiations with the players’ association, claiming