Global stocks mixed on unease over Hong Kong security law

Benchmarks in Shanghai and Hong Kong retreated after the White House said a proposed national security law might jeopardize the Chinese territory's status as a global financial center.

Asia stocks mixed on uncertainty over Hong Kong security law

Asian stock markets were mixed Wednesday as U.S.-Chinese tension over Hong Kong competed with optimism about recovery from the coronavirus pandemic.

Asia stocks mixed on uncertainty over Hong Kong security law

Asian stock markets were mixed Wednesday as U.S.-Chinese tension over Hong Kong competed with optimism about recovery from the coronavirus pandemic. Benchmarks in Shanghai and Hong Kong retreated after the White House said a proposed national security law might jeopardize the Chinese territory’s status as a global financial center. The…

Asia stocks mixed on uncertainty over Hong Kong security law

Major Asian stock markets were mixed Wednesday as U.S.-Chinese tension over Hong Kong competed with optimism about recovery from the coronavirus pandemic.Benchmarks in Shanghai and Hong Kong retreated after the White House said a proposed national security law might jeopardize the Chinese territory's status as a global financial center.“Mounting U.S.-China tensions bodes ominous for the global economy amid pandemic fragilities,” said Mizuho Bank in a report.Overnight, Wall Street closed at its highest level in nearly three months on hopes for economic recovery as more governments reopen factories, shops and other businesses.The Hang Seng index in Hong Kong sank 0.5% to 23,279.39 and the Shanghai Composite

Global stocks mixed on unease over Hong Kong security law

Global stock markets were mixed Wednesday as U.S.-Chinese tensions over Hong Kong vied with optimism about recovering from the coronavirus pandemic.

Bill Ackman dumps investments in Berkshire Hathaway, Blackstone

The billionaire investor said volatility might create better opportunities to deploy capital on higher-returning investments than Warren Buffett's company.

Warren Buffett's Berkshire Hathaway loses billionaire Bill Ackman as an investor

Warren Buffett's Berkshire Hathaway has lost Bill Ackman as an investor. The hedge-fund manager revealed the sale of his Pershing Square fund's ...

Billionaire Bill Ackman Exits Position In Warren Buffett’s Berkshire Hathaway

We continue to think Berkshire will be a strong investment over the longer term, but we also think the current environment means there may be more than typical opportunities for us to see very high-returning investments.

Nissan-Renault alliance to share more parts, technology

The auto alliance of Nissan and Renault said Wednesday it will be sharing more vehicle parts, technology and models to save costs as the industry struggles to survive the coronavirus pandemic.

Nissan-Renault alliance to share more parts, technology

Alliance Operating Board Chairman Jean-Dominique Senard said the group, which also includes smaller Japanese automaker Mitsubishi Motors Corp., will have each company focusing on geographic regions.

Nissan-Renault alliance to share more parts, technology

The auto alliance of Nissan and Renault said Wednesday it will be sharing more vehicle parts, technology and models to save costs as the industry struggles to survive the coronavirus pandemic.

Ilhan Omar: Israel has too Much Influence on Trump Administration

Rep. Ilhan Omar compared Israel with Saudi Arabia in an interview, saying both countries used money to influence the Trump administration.

Omar: Saudi Arabia and Israel have too much influence on Trump - US & Canada

Minnesota Democrat claims Saudi Arabia and Israel rely in part on money to bring about their preferred outcomes.

Goldman Sachs: Unemployment Could Remain High For Next 2 Years

Goldman Sachs economists say the unemployment rate could remain high for the next two years due to policies designed to mitigate the pandemic's effects.

Goldman Sachs Forecasts Unemployment To Peak At 25%, Remain High For Next Two Years

Widespread unemployment could linger longer than expected and slow an economic recovery.

Most small businesses remain optimistic on reopening after coronavirus: poll

The majority of small businesses in the U.S. are optimistic about reopening amid the coronavirus pandemic, a new study says. Nearly three-quarters of businesses (74 percent) expect to return to

Majority of US small businesses optimistic in face of coronavirus pandemic, study says

The majority of small businesses in the U.S. are optimistic about reopening amid the coronavirus pandemic, a new study says.

Fed: Sharp economic decline in May leaves businesses 'pessimistic' about recovery

Economic activity “sharply” declined across the U.S.

Most Businesses Pessimistic About Speed Of Economic Recovery, Fed Reports

Health concerns, limited childcare and expanded unemployment are making it more difficult to bring employees back to work, the Fed said.

LA allows shopping, worship sooner than expected in pandemic

LOS ANGELES (AP) — Retail shops and offices were allowed to open Wednesday and the largest Roman Catholic archdiocese in the U.S. announced a plan to resume services as Los...

LA allows shopping, worship sooner than expected in pandemic

Retail shops and offices were allowed to open Wednesday and the largest Roman Catholic archdiocese in the U.S. announced a plan to resume services as Los Angeles County took another step toward a reop

Cyprus pledges to cover medical costs for tourists if they catch coronavirus on vacation

NICOSIA, Cyprus — Cyprus is pledging to cover all costs for anyone testing positive for the coronavirus while on vacation on the eastern Mediterranean island nation, according to a letter obtained

Cyprus pledges to cover costs for virus-hit tourists

Cyprus is pledging to cover all costs for anyone testing positive for the coronavirus while on vacation on the eastern Mediterranean island nation, according to a letter obtained by The Associated Pre

Environmentalists lose bid to halt uranium mine in Arizona

FLAGSTAFF, Ariz. — A federal judge has ruled against environmental groups and a tribe in their bid to keep a uranium mine south of the Grand Canyon from operating. The Canyon Mine near the national park’s South Rim entrance has been on standby for nearly 20 years. The company that owns it, Energy Fuels Resources, …

Environmentalists lose bid to halt uranium mine in Arizona

A federal judge has ruled against environmental groups and a tribe in their bid to keep a uranium mine south of the Grand Canyon from operating.

A's to place scouts on furlough, end minor league pay

The Oakland Athletics are placing their scouts and a significant number of other front office employees on furlough, suspending pay for minor leaguers and cutting the salaries of other executives as part of a cost-cutting move in response to the COVID-19 pandemic.

A’s suspend minor leaguers pay, place employees on furlough

The Oakland Athletics are placing their scouts and a significant number of other front office employees on furlough, suspending pay for minor leaguers and cutting the salaries of other executives as

Netflix sued by immigration detention center operators over use of logo in 'Messiah'

A private company that operates some U.S. prisons and detention centers is suing Netflix over the use of its logo in negative scenes depicting squalid conditions in immigrant detention centers on the show 'Messiah.'

CARES Act Flaw: Employees Reject Jobs in Favor of PPP Funds

Some business owners are having difficulty “reopening” because their employees would rather collect funds through the Cares Act PPP.

Catholic Minnesota diocese to pay $22.5M to sexual assault victims

The Roman Catholic diocese of Saint Cloud in Minnesota announced in a statement Tuesday they will pay $22.5 million to 70 victims of clergy sexual assault and file for Chapter 11 bankruptcy.

Dow Up More Than 500 Points on Economic Confidence

Shares of retailers like Macy's, Kohl's, and the Gap rose sharply as investors cheered evidence that the economy is recovering. | Economy

Andrew Yang says US should ‘seriously look at 4-day workweeks’

Former Democratic presidential candidate Andrew Yang says the United States should “seriously look at 4-day workweeks.” 

Trump’s Economic Advisers Are Wrong

Forget a V-shaped recovery, or even a U.

EU Proposes €750bn Coronavirus Bailout as Popularity of Bloc Weakens

The European Commission has proposed a massive €750bn coronavirus bailout package as many across Europe have begun to question the EU itself.

Leftists Launch Dark Money Group to Hold Social Media ‘Accountable’

Leftists have launched a new dark money group called "Accountable Tech" aimed at "combating misinformation online."

Victor Davis Hanson: The spreading debt virus — 5 potential cures for $30 trillion problem

The massive borrowing is being driven both by prior budget profligacy and a hurried effort by to pump liquidity into a quarantined America.  

Nevada Governor Announces Casinos Can Reopen on June 4

Steve Sisolak announced Nevada casinos will be allowed to reopen next Thursday after more than two months of being shut down.

House Republicans say votes taken in House under proxy plan 'cannot become law,' would be unconstitutional

House Minority Leader Kevin McCarthy, R-Calif., Minority Whip Steve Scalese, R-La., and Republican Conference Chairwoman Liz Cheney, R-Wyo., lambasted the proxy voting plan during a press conference, along with a handful of other members. The House Republicans announced a lawsuit against House Speaker Nancy Pelosi, D-Calif., on Tuesday over the proxy voting system's constitutionality. 

Floyd Mayweather Jr. parties in Arizona nightclub igniting mayor's fury

Boxing great Floyd Mayweather Jr. is in hot water with the mayor of Scottsdale, Arizona after video surfaced of him partying at a nightclub over the weekend. 

Israel Rejects Chinese Bid to Build World's Largest Desalination Plant

Under U.S. pressure, Israel has appointed a local company to construct Sorek 2, a desalination plant that is set to become...

Today on Fox News: May 27, 2020

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Why good credit matters — even if you don’t plan to borrow

Even if you don’t plan to borrow a dime, a good credit record is valuable. Think of it like a household fire extinguisher: It’s smart to have a good one even though you have no plans to use it.

Company completes 1st overland fiber-optic cable from Alaska

An Alaska company has completed construction of the first overland fiber-optic cable connecting the state to the continental U.S.

Americans want China to pay for COVID-19 pandemic

With more than 90,000 dead and nearly 1.5 million sick, the American people have decisively judged the country that created this crisis: Communist China.

KU Athletics imposing new pay cuts, furloughs to cut costs

The University of Kansas athletic department has imposed pay cuts and furloughs for all employees in response to financial problems caused by the coronavirus pandemic.

N.C. bond packages resurface after veto crumbled cash plan

Borrowing money to pay for North Carolina university and school buildings, roads and other projects is getting attention again at the General Assembly after a pay-as-you-go construction expansion plan

Boston-area zoos plan to reopen; virus cluster in Worcester

Two Boston-area zoos are planning to reopen, but with new safety protocols in place to prevent the spread of the coronavirus.

New Mexico studies single-payer care amid pandemic

Public officials in New Mexico continue to contemplate a possible transition to single-payer health care in the midst of the coronavirus pandemic.

Why Trump must suspend temporary worker programs

Immigration is fundamentally a labor issue, and given the employment situation the country needs to rethink the current policy of allowing in very large numbers of foreign workers.

Turnpike, parkway toll hikes, $24B construction plan get OK

The New Jersey Turnpike Authority voted Wednesday to increase tolls on two of the state’s major highways and approve a $24 billion construction plan that the hike will fund.

The spread of America's self-inflicted debt crisis

The COVID-19 shutdown has left the country on the cusp of a self-inflicted economic collapse not seen since the Great Depression.

CEO pay has topped $12.3M. Can it keep rising post-pandemic?

The typical pay package for CEOs at the biggest U.S. companies topped $12.3 million last year, and the gap between the boss and their workforces widened further, according to AP’s annual survey of exe

Norway Couple Find Viking Age Grave Under Their House

A Norwegian couple found items indicating there was a burial ground underneath their house in northern Norway. Archaeologists believe they date from the Viking Age.

Tesla Cuts Prices In North America And China By Up To 6% To Ease Sales Slump

Tesla’s flagship Model S is one of the vehicles that are now thousands of dollars cheaper in a bid to encourage sales, after the pandemic cut demand for new cars.

How Sarahi Espinoza Salamanca Turned An Idea To Help Families Pay Rent During COVID-19 Into A $1 Million Fund

The #FirstOfTheMonth Fund was started with a $1 million goal in mind, which would help close the financial rent gap for close to 150 families, and would see the disbursement of funds to those families in need within 48 hours of qualifying for the aid.

Bitcoin Exchange Bitbuy Partners With Knox Security To Offer Full Deposit Insurance

Canadian exchange Bitbuy has partnered with the Montreal-based Knox security firm to offer its clients comprehensive insurance on their cryptocurrency deposits.

2020 Nissan Titan Pro-4X Test Drive And Review: A Truck With Merit

What happens when you look beyond the best sellers for a unique pickup truck?

Stocks Cut Gains, Dow Up 200 Points As Tech Shares Slide

The Dow broke above 25,000.

Gatsby, Website-Building Startup Backed By Index Ventures, Raises $28 Million

Gatsby, a website development startup aiming to rival companies from Squarespace to Google is now valued more than $200 million after a funding round led by Index Ventures.

Almost $800 Million In Mask Scams Alleged In The U.S. Alone

The market for masks is riddled with scammers looking to seize on desperate buyers looking to buy in bulk.

Contrary To The Views Of Naysayers, Covid-19 Pandemic Is Showing The Importance Of Biopharma

If anything, the coronavirus pandemic shows that the biopharmaceutical industry is vibrant and can be very responsive to pandemics. Is it perfect? No. But, we should all be thankful we have it in times like these.

Research Firm: Market’s Risk Is Phenomenally High, 2nd Dive Likely

Equity Risk Science, a big-data analytics firm, created a risk measure that says the current market is still very risky and likely to take another big dive, due to the high debt levels of many large companies.

Millions Of U.S. Jobs Are Never Coming Back From The Covid-19 Recession

“We find three new hires for every 10 layoffs caused by the shock and estimate that 42% of recent layoffs will result in permanent job loss."

University Of Nevada, Las Vegas Business School Answers The Humanitarian Call

In light of the tragedy of the coronavirus, humanitarians like Andre Carrier and Greg Lee, and the Lee family foundation, are bold enough to look for a way to end the pandemic.

Dow Jumps 300 Points As Wall Street Bets On A Successful Reopening Of The Economy

The Dow broke above 25,000.

5 Ways The Pandemic Will Change The Future Of Tours

The coronavirus pandemic will change the future of tours and activities as companies figure out how to protect the health of their clients and restore their confidence.

The Worst Deal Ever: The Inside Story Of The Epically Bad Decision By StubHub’s Cofounder To Buy His Company Back

Eric Baker was fired from StubHub in 2005. Fifteen years later his new company Viagogo paid $4 billion to buy it back—just weeks before coronavirus utterly destroyed the business.

Growth Is Crushing Value Right Now, But Take A Long-Term Horizon

So far this year, growth stocks are up 1.8 percent through May 27. Meanwhile, value stocks are still down more than 16.2 percent.

ThredUp Is The Win You Didn’t Know Walmart Needed

Walmart and ThredUp have announced an online partnership that will give consumers access to 750,000 pre-owned women’s and children’s items, accessories, footwear and handbags from ThredUp on Walmart’s site.

Building An Adaptive Retail Enterprise For Day 2

Many experts and business leaders believe that this chapter will accelerate the pace of digital transformation, align business and technology behind common strategic objectives, and determine the winning and losing consumer brands of our time.

As Europe Unveils “green” Recovery Package, Trans-Atlantic Rift On Climate Policy Widens

The European Union is using the economic downturn to accelerate its clean energy transition. In the US, a surprise new policy that would provide relief to the oil and gas sector shows it has different priorities during the crisis.

Startling Figures Reveal Extent Of Government Support For Beleaguered Economy

Figures from the government confirm it is backing loans and other support mechanisms worth tens of billions to the UK economy

Why You Need Your Next Marketing Channel, Now

Start diversifying your marketing channels before it's too late

Bangladesh Threatens To Ban These UK Brands, Escalating Battle To Get Factories Paid

Apparel manufacturers say the UK company EWM Group plotted to place fresh orders in the country without first paying its outstanding debts.

Meet Aaron Wallace And Lina Gadi: Entrepreneurs Creating Inclusive Haircare Products For Black Men

How two young entrepreneurs went about creating premium haircare products for black men.

Blockchain-Powered Stablecoins Are Maturing Quickly, But The Accounting Needs To Catch Up

Stablecoins have been growing fast, but several accounting questions still need to be addressed to supercharge adoption.

Securities Giant Leads $14 Million Investment To Bring Bitcoin To Institutions

SIX Group is not only leading the Series A, but plans to use the technology to give institutional investors in Switzerland access to regulated bitcoin investing.

European Union Reveals $826 Billion Economic Stimulus Plan To Battle Coronavirus Damage

Under the proposal, the EU will issue €750 billion in government bonds and then distribute that cash to its member states through grants and loans. Nothing will happen, however, until all 27 of the EU’s member states approve.

Can General Electric Survive The COVID-19 Recession

General Electric’s stock (NYSE: GE) has lost over 45% of its value since the beginning of the year due to the outbreak of COVID-19. The commercial aviation industry is rattled, and GE, which manufactures aircraft engines, is no exception. Fading consumer demand, reduced discretionary spending...

Consider Electronic Arts Over Take Two Interactive As Demand For Gaming Increases?

The stock price for Electronic Arts is down roughly 8.5% since May 31, 2018, as the company’s business in 2019 was impacted by lower user engagement. In comparison, Take Two Interactive, best known for its NBA2K franchise, has seen its stock grow by 25.4% during the same period...

ByteDance, Chinese Digital Giant And Owner Of TikTok, Reported To Have Revenues Of $17 Billion

It has been widely reported that Bytedance, the Beijing-based digital entertainment and information company, had impressive 2019 revenue and earnings.

Tips On How To Keep Moving During COVID-19 From The Man Who Brought Relais And Chateaux To The Amazon River

Lockdown insight from the founder of the Amazon's premiere luxury river cruise.

What Lessons Have We Learned From COVID-19 That Can We Apply To Clean Energy?

What lessons can we draw from COVID-19 that we can apply to clean energy in addressing climate change? Answer by Daniel Goldman, Co-founder and Managing Director of Clean Energy Ventures.

Playing Defense With Cloud Software Stocks

Cloud software companies may see an impact on one side of the equation for net retention rates or both sides of the equation – this means either fewer new customers or more churn or downgrades in existing customers or both. There are three points where weakness can occur ... READ MORE.

Jump In Mortgage Refinancing Leads To Record-Breaking Loan Volume For Lenders

Low mortgage interest rates continue to fuel a surge in refinance activity amid the coronavirus pandemic, resulting in record-breaking loan volume for lenders.

Future-Proof Your KYB, KYC And Risk In One API

Data aggregation with automation has been the next big milestone the risk industry has been trying to reach.

The “Yeah, Sure” Theory Of Business Success: Entrepreneurship After COVID.

We can emerge from the Coronavirus economic bust stronger than ever if we follow the lead of those who entered the current economy with eyes wide open.

Airlines Aren’t Alone. Hotels’ Brand Valuations To Drop 20% Because Of COVID, Cratering Of Travel Demand

"The COVID-19 pandemic is going to hit the hotels sector hard as holidays are cancelled and people work from home."

Big 5 Sporting Goods Corporation (BGFV) CEO Steve Miller on Q1 2020 Results - Earnings Call Transcript

Big 5 Sporting Goods Corporation (NASDAQ:BGFV) Q1 2020 Earnings Conference Call May 27, 2020 05:00 PM ET Company Participants Steve Miller - President and CEO B

Educational Development Corporation (EDUC) CEO Randall White on Q4 2020 Results - Earnings Call Transcript

Educational Development Corporation (NASDAQ:EDUC) Q4 2020 Earnings Conference Call May 27, 2020, 04:00 PM ET Company Participants Randall White - Chairman, Pres

Pershing Square Holdings, Ltd. (PSHZF) CEO William Ackman on Q1 2020 Results - Earnings Call Transcript

Pershing Square Holdings, Ltd. (OTCPK:PSHZF) Q1 2020 Earnings Conference Call May 27, 2020 11:00 AM ET Company Participants William Ackman - Chief Executive Off

British Land Company PLC (BTLCY) CEO Christopher Grigg on Q4 2020 Results - Earnings Call Transcript

British Land Company PLC (OTCPK:BTLCY) Q4 2020 Results Conference Call May 27, 2020 03:30 AM ET Company Participants David Walker - Head, IR Chris Grigg - CEO &

HEICO Corporation (HEI) CEO Laurans Mendelson on Q2 2020 Results - Earnings Call Transcript

HEICO Corporation (NYSE:HEI) Q2 2020 Earnings Conference Call May 27, 2020 9:00 AM ET Company Participants Laurans Mendelson - Chairman & Chief Executive Of

Dorian LPG Ltd. (LPG) CEO John Hadjipateras on Q4 2020 Results - Earnings Call Transcript

Dorian LPG Ltd. (NYSE:LPG) Q4 2020 Earnings Conference Call May 27, 2020 10:00 AM ET Company Participants Ted Young - Chief Financial Officer John Hadjipateras

Royal Bank of Canada (RY) CEO David McKay on Q2 2020 Results - Earnings Call Transcript

Call Start: 08:15 Call End: 09:23 Royal Bank of Canada (NYSE:RY) Q2 2020 Earnings Conference Call May 27, 2020 08:15 AM ET Company Participants Nadine Ahn - Sen

ATS Automation Tooling Systems Inc. (ATSAF) CEO Andrew Hider on Fiscal Q4 2020 Results - Earnings Call Transcript

ATS Automation Tooling Systems Inc. (OTCPK:ATSAF) Q4 2020 Earnings Conference Call May 27, 2020 10:00 AM ET Company Participants Stewart McCuaig - Vice Presiden

Prosafe SE (PRSEY) CEO Jesper Kragh Andresen on Q1 2020 Results - Earnings Call Transcript

Prosafe SE (OTCPK:PRSEY) Q1 2020 Earnings Conference Call May 27, 2020 4:00 AM ET Company Participants Jesper Kragh Andresen – Chief Executive Officer Stig Chri

CorVel Corporation's (CRVL) CEO Michael Combs on Q4 2020 Results - Earnings Call Transcript

CorVel Corporation (NASDAQ:CRVL) Q4 2020 Results Earnings Conference Call May 27, 2020, 11:30 AM ET Company Participants Michael Combs - President and CEO Brand

Cavco Industries, Inc. (CVCO) CEO Bill Boor on Q4 2020 Results - Earnings Call Transcript

Cavco Industries, Inc. (NASDAQ:CVCO) Q4 2020 Results Conference Call May 27, 2020 8:00 AM ET Company Participants Mark Fusler - Director of Financial Reporting

StoneCo Ltd. (STNE) CEO Thiago Piau on Q1 2020 Results - Earnings Call Transcript

StoneCo Ltd. (NASDAQ:STNE) Q1 2020 Earnings Conference Call May 26, 2020 17:00 ET Company Participants Rafael Martins - Investor Relations Thiago Piau - Chief E

China Online Education Group (COE) CEO Jack Jiajia Huang on Q1 2020 Results - Earnings Call Transcript

Start Time: 08:00 End Time: 08:55 China Online Education Group (NYSE:COE) Q1 2020 Earnings Conference Call May 26, 2020, 08:00 AM ET Company Participants Jack J

National Bank of Canada (NTIOF) CEO Louis Vachon on Q2 2020 Results - Earnings Call Transcript

National Bank of Canada (OTCPK:NTIOF) Q2 2020 Results Conference Call May 26, 2020 5:30 PM ET Company Participants Linda Boulanger - VP, IR Louis Vachon - Presi

Fanhua Inc. (FANH) CEO Chunlin Wang on Q1 2020 Results - Earnings Call Transcript

Fanhua Inc. (NASDAQ:FANH) Q1 2020 Earnings Conference Call May 26, 2020, 09:00 PM ET Company Participants Oasis Qiu - IR Manager Chunlin Wang - Chairman & C

Keysight Technologies, Inc. (KEYS) CEO Ron Nersesian on Q2 2020 Results - Earnings Call Transcript

Keysight Technologies, Inc. (NYSE:KEYS) Q2 2020 Earnings Conference Call May 26, 2020, 04:30 PM ET Company Participants Jason Kary - VP, Treasurer and IR Ron Ne

Ooma, Inc. (OOMA) CEO Eric Stang on Q1 2021 Results - Earnings Call Transcript

Ooma, Inc. (NYSE:OOMA) Q1 2021 Earnings Conference Call May 26, 2020 5:00 PM ET Company Participants Matt Robison - Director of IR and Corporate Development Eri

Boeing slashes 12,000 jobs as virus seizes travel industry

Boeing is slashing around 10 per cent of its workforce, and the aircraft maker says more cuts are coming.

Boeing slashes 12,000 jobs as virus seizes travel industry

Boeing is slashing around 10 per cent of its workforce, and the aircraft maker says more cuts are coming.

Boeing slashes 12,000 jobs as virus seizes travel industry

Boeing is slashing around 10 per cent of its workforce, and the aircraft maker says more cuts are coming.

Boeing slashes 12,000 jobs as coronavirus impacts travel industry

A Boeing spokesperson said Wednesday's actions represent the largest number of job cuts, but several thousand additional jobs will be eliminated in the next few months

Boeing slashes 12,000 jobs as virus seizes travel industry

Boeing is cutting more than 12,000 jobs through layoffs and buyouts as the coronavirus pandemic seizes the travel industry, and more cuts are coming.

COVID-19: Boeing slashes 12,000 jobs as virus seizes travel industry

Air travel within the US tumbled 96% by mid-April, to fewer than 100,000 people on a day

Boeing slashes 12,000 jobs as virus seizes travel industry

Boeing is cutting more than 12,000 jobs through layoffs and buyouts as the coronavirus pandemic seizes the travel industry, and more cuts are coming.

Boeing slashes 12,000 jobs as virus seizes travel industry

The layoffs are expected to be concentrated in the Seattle area, home to Boeing's commercial-airplanes business. The defense and space division is stable and will help blunt the impact of the decline in air travel and demand for passenger jets.

Boeing slashes 12,000 jobs

Boeing is cutting more than 12,000 jobs through layoffs and buyouts as the coronavirus pandemic seizes the travel industry, and more cuts are coming.

Boeing slashes 12,000 jobs as coronavirus seizes travel industry

The layoffs are expected to be concentrated in the Seattle area, home to Boeing's commercial-airplanes business.

Japan approves fresh $1.1 trn stimulus to combat Covid-19 economic fallout

The latest package includes 33 trillion yen in direct spending, the Ministry of Finance (MOF) said.

Japan approves fresh $1.1 trillion stimulus to combat pandemic pain

TOKYO (Reuters) - Japanese Prime Minister Shinzo Abe’s cabinet approved on Wednesday a new $1.1 trillion stimulus package that includes significant direct spending, to stop the coronavirus pandemic pushing the world’s third-largest economy deeper into recession.

Japan approves fresh $1.1-trillion stimulus to combat economic impact of coronavirus

The record stimulus of 117 trillion yen, which will be funded partly by a second extra budget, followed another 117 trillion yen package rolled out last month

Japan eyes fresh $1.1t stimulus to combat pandemic pain

The stimulus, which will be funded partly by a second extra budget, will be on top of a $1.1 trillion package already rolled out last month.

Japan approves fresh $1.1 trillion stimulus to combat coronavirus pain

The record stimulus of 117 trillion yen, which will be funded partly by a second extra budget, followed another 117 trillion yen package rolled out last month.

Japan eyes fresh $1.1 trillion stimulus to combat pandemic pain

TOKYO — Japan will compile a new $1.1 trillion stimulus package that includes significant direct spending, to stop the coronavirus pandemic pushing the world’s third-largest economy deeper into recession, a budget draft seen by Reuters showed on Wednesday.

Japan eyes fresh $1.1 trillion stimulus to combat pandemic pain

To fund the costs, Japan will issue an additional 31.9 trillion yen in government bonds under the second supplementary budget for the current fiscal year ending in March 2021, according to the draft.

Japan eyes fresh US$1.1t stimulus to combat pandemic pain

TOKYO, May 27 — Japan will compile a fresh stimulus package worth US$1.1 trillion (RM4.8 trillion) that will include a sizable amount of direct spending to cushion the economic blow from the coronavirus pandemic, a draft of the budget obtained by Reuters showed today. The stimulus, which will be...

Japan eyes fresh $1.1 trillion stimulus to combat pandemic pain

Japan will compile a fresh stimulus package worth $1.1 trillion that will include a sizable amount of direct spending to cushion the economic blow from the coronavirus pandemic, a draft of the budget obtained by Reuters showed on Wednesday. The stimulus, which will be funded partly by a second extra

India may need to pump Rs 1.5 L crores into coronavirus-hit state banks

India may need to inject up to Rs. 1.5 lakh crore ($19.81 billion) into its state-owned lenders as their pile of soured assets is expected to double during the coronavirus pandemic, three government

India may need to pump $20 bln into coronavirus-hit state banks: Sources

India may need to inject up to 1.5 trillion rupees ($19.81 billion) into its state-owned lenders as their pile of soured assets is expected to double during the coronavirus pandemic, three government

India may need to pump Rs 1.5 lakh crore into coronavirus-hit state banks

India may need to inject up to Rs 1.5 lakh crore ($19.81 billion) into its state-owned lenders as their pile of soured assets is expected to double during the coronavirus pandemic, three government

Government may need to pump $20 billion into coronavirus-hit state banks: Report

India Business News: India may need to inject up to Rs 1.5 lakh crore ($19.81 billion) into its state-owned lenders as their pile of soured assets is expected to double du

India may need to pump Rs 1.5 trn into coronavirus-hit state banks: Report

"The situation is very grim," the source said, adding that banks would require fresh funds soon

India may need to pump $20 billion into coronavirus-hit state banks: Sources

The government initially considered a budget of around 250 billion rupees for bank recapitalisations but that has risen significantly, a senior government source with direct knowledge of the matter said, with loan defaults likely to rise as businesses take a severe hit from nationwide lockdowns to tackle the coronavirus.

India may need to pump $20 billion into coronavirus-hit state banks

The capital plans were still being discussed and a final decision could be taken in the second half of the fiscal year, a second government source said.

Exclusive: Volkswagen in final talks to seal biggest M&A deals in China EV sector - sources

Volkswagen AG is in final talks to seal its largest investment deals with Chinese electric vehicle (EV) firms, two sources said, as the German ...

Volkswagen in final talks to seal biggest M&A deals in China EV sector: Sources

Volkswagen AG is in final talks to seal its largest investment deals with Chinese electric vehicle (EV) firms, two sources said, as the German ...

Exclusive: Volkswagen in final talks to seal biggest M&A deals in China EV sector - sources

HONG KONG/FRANKFURT (Reuters) - Volkswagen AG (VOWG_p.DE) is in final talks to seal its largest investment deals with Chinese electric vehicle (EV) firms, two sources said, as the German automaker accelerates its push into the world’s largest market for environmentally friendlier cars.

Volkswagen in final talks to seal top M&A deal in China EV sector: Report

The firm is poised to buy 50 per cent of Anhui Jianghuai Automobile Group Holding, the parent of EV partner JAC Motors, for at least 3.5 billion yuan

VW reportedly close to sealing biggest-ever deals in China's EV sector

Volkswagen AG is in final talks to seal its largest investment deals with Chinese electric vehicle (EV) firms, two sources said, as the German automaker accelerates its push into the world's largest market for environmentally friendlier cars. The firm is poised to buy 50% of Anhui Jianghuai Automobile Group Holding, the parent of EV partner JAC Motors , for at least 3.5 billion yuan ($491 million), the people said on condition of anonymity as the matter was private. Volk

Volkswagen in final talks to seal biggest M&A deals in Chinese EV sector

The deals would make Volkswagen the latest foreign automaker to increase ownership in China since the government started to relax ownership rules in 2018 here with Germany's BMW AG quick to take control of its main local venture

Volkswagen in final talks to seal biggest M&A deals in China EV sector: Sources

The firm is poised to buy 50% of Anhui Jianghuai Automobile Group Holding, the parent of EV partner JAC Motors, for at least 3.5 billion yuan ($491 million), the people said on condition of anonymity as the matter was private. It is also set to become the biggest shareholder of EV battery maker Guoxuan High-tech Co Ltd, the people said, adding both deals could be announced as early as Friday.

Boeing set to announce significant US job cuts this week: Union

Boeing Co is expected to announce US job cuts this week after disclosing last month it planned to shed 10% of its worldwide workforce of 160,000 employees, people briefed on the plans and a union

Boeing set to announce significant US job cuts this week: Union

In April, Boeing chief executive Dave Calhoun said the company had “begun taking action to lower our number of employees by roughly 10 percent".

Boeing set to announce significant US job cuts this week

Boeing Co is expected to announce U.S. job cuts this week after disclosing last month it planned to shed 10per cent of its worldwide workforce of ...

Boeing set to announce significant US job cuts this week: union

Boeing Co is expected to announce U.S. job cuts this week after disclosing last month it planned to shed 10per cent of its worldwide workforce of ...

Boeing set to announce significant U.S. job cuts this week: union

WASHINGTON (Reuters) - Boeing Co is expected to announce U.S. job cuts this week after disclosing last month it planned to shed 10% of its worldwide workforce of 160,000 employees, people briefed on the plans and a union said.

Boeing set to announce significant US job cuts this week: Union

Boeing Co is expected to announce US job cuts this week after disclosing last month it planned to shed 10% of its worldwide workforce of 160,000 employees

Boeing set to announce significant US job cuts this week

A spokesman for the Society of Professional Engineering Employees in Aerospace (SPEEA) union that represents 17,600 Boeing employees told Reuters Tuesday the company informed the union it should expect layoff notices on Friday.

WHO chief announces creation of foundation to tap new funding sources

GENEVA: World Health Organization Director General Tedros Adhanom Ghebreyesus announced on Wednesday (May 27) the creation of a foundation that ...

WHO creates foundation to boost funding in coronavirus fight

GENEVA: The World Health Organization announced on Wednesday (May 27) the creation of a foundation to tap new sources of funding that could help ...

WHO creates foundation to boost funding in coronavirus fight

GENEVA/ZURICH (Reuters) - The World Health Organization announced on Wednesday the creation of a foundation to tap new sources of funding that could help ease a potential cash shortage as it leads the global fight against the coronavirus pandemic.

WHO creates foundation to tap new funding sources

World Health Organization Director General Tedros Adhanom Ghebreyesus announced on Wednesday the creation of a foundation that will enable it to tap new sources of funding, including the general public.

WHO creates foundation to tap new funding sources

The WHO Foundation is being created as an independent grant-making entity that will support the organization's efforts to address the most pressing global health challenges

WHO creates foundation to tap new funding sources

The WHO Foundation is being created as an independent grant-making entity that will support the organisation's efforts to address the most pressing global health challenges by raising new funding from

NASA set to resume human spaceflight from US soil with historic SpaceX launch

First spaceflight of NASA astronauts from American soil in nine years.

'We are go for launch': NASA due to resume human spaceflight with SpaceX takeoff

SpaceX, billionaire entrepreneur Elon Musk's private rocket company, made final preparations to launch two Americans into orbit on Wednesday from ...

NASA set to resume human spaceflight from US soil with historic SpaceX launch

SpaceX, the private rocket company of billionaire entrepreneur Elon Musk, was set to launch two Americans into orbit on Wednesday from Florida on ...

NASA set to resume human spaceflight from US soil after nine years with historic SpaceX launch

SpaceX, the private rocket company of billionaire entrepreneur Elon Musk, was set to launch two Americans into orbit on Wednesday from Florida on a mission that would mark the first spaceflight of

Back in Business: NASA Is Set to Return to Human Spaceflight with Historic SpaceX Launch

Two astronauts will ride a privately built rocket and spacecraft to orbit, marking the first launch of humans from U.S. soil in nearly a decade

NASA set to resume human spaceflight from U.S. soil with historic SpaceX launch

CAPE CANAVERAL, Fla., May 27 (Reuters) - SpaceX, the private rocket company of billionaire entrepreneur Elon Musk, was set to launch two Americans into orbit on Wednesday from Florida on a mission that would mark the first spaceflight of NASA astronauts from U.S. soil in nine years.

No screams please: Japanese funfairs prepare for virus era

TOKYO, May 28 — No screaming on the rollercoaster, socially distant spooks in the haunted house and please refrain from high-fiving your favourite superhero: welcome to Japanese amusement parks in the coronavirus era. As Japan’s funfairs slowly reopen, a group of park operators have released...

No screams please: Japanese amusement parks prepare to reopen

No screaming on the rollercoaster, socially distant spooks in the haunted house and please refrain from high-fiving your favorite superhero: welcome to Japanese amusement parks in the coronavirus era. As Japan's fun fairs slowly reopen, a group of park operators have released joint guidelines on how to operate safely under…

No screams please: Japanese funfairs prepare for COVID-19 era

No screaming on the rollercoaster, socially distant spooks in the haunted house and please refrain from high-fiving your favourite superhero:

No screams please: Japanese funfairs prepare for virus era

No screaming on the rollercoaster, socially distant spooks in the haunted house, and please refrain from high-fiving your favourite superhero: welcome to Japanese amusement parks in the coronavirus era.

No screams please: Japanese funfairs prepare for virus era

TOKYO, May 27, 2020 (AFP) - No screaming on the rollercoaster, socially distant spooks in the haunted house and please refrain from high-fiving your favorite superhero: welcome to Japanese amusement parks in the coronavirus era.

No screams please: Japanese funfairs prepare for virus era

No screaming on the rollercoaster, socially distant spooks in the haunted house and please refrain from high-fiving your favourite superhero: welcome to Japanese amusement parks in the coronavirus era.

Virus sparks record drop in energy investment: IEA

The energy industry is set to suffer a record drop in investment due to the coronavirus fallout, the IEA said on Wednesday, and while renewables are likely to fare better than oil, any swift economic recovery could create a global fuel crunch. In its annual report on energy investments, the…

IEA forecasts a 20% drop in global energy investment in 2020

The Paris-based IEA said this could have serious repercussions for energy security and the transition to clean energy as the global economy recovers from the pandemic

Virus sparks record drop in energy investment: IEA

The Paris-based International Energy Agency (IEA) estimated the plunge will be of the order of one-fifth from 2019 levels, or almost $400 billion.

Virus sparks record drop in energy investment: IEA

All the energy sectors -- oil, gas, renewables -- everything is affected but the biggest impact is on shale oil, the agency's director Fatih Birol said

Virus sparks record drop in energy investment: IEA

The energy industry is set to suffer a record drop in investment due to the coronavirus fallout, the IEA said on Wednesday, and while renewables are likely to fare better than oil, any swift economic ...

Virus sparks record drop in energy investment – IEA

The International Energy Agency estimates global energy investment may plunge by almost $400 billion in 2020

Tuesday Morning becomes 5th big retailer to file Chapter 11

Discount goods retailer Tuesday Morning has filed for Chapter 11 bankruptcy protection, the fifth major retailer to do so since the pandemic.

Tuesday Morning becomes 5th big retailer to file Chapter 11

Discount goods retailer Tuesday Morning has filed for Chapter 11 bankruptcy protection, the fifth major retailer to do so since the pandemic.

Off-price retailer Tuesday Morning has filed for bankruptcy with plans to close 230 stores

Tuesday Morning, which has nearly 700 stores specializing in off-price home goods, has filed for bankruptcy.

Off-price retailer Tuesday Morning has filed for bankruptcy with plans to close 230 stores

Off-price retailer Tuesday Morning has filed for bankruptcy. The company plans to close approximately 230 of its stores.

Tuesday Morning becomes 5th big retailer to file Chapter 11; 230 stores to close

Discount goods retailer Tuesday Morning has filed for Chapter 11 bankruptcy protection, the fifth major retailer to do so since the pandemic.

Tuesday Morning closing 230 stores, files bankruptcy

DALLAS, TX - Off-price retailer Tuesday Morning filed for Chapter 11 bankruptcy protection Wednesday with plans to close more than a third of its stores. Tuesday Morning had been struggling when the coronavirus pandemic began and went into a free fall when it was forced to temporarily close its locations due to the crisis. The company joins a growing list of retailers that have tumbled into Chapter 11 bankruptcy during the pandemic, including J.C. Penney, Neiman Marcus and J. Crew. In each case, the companies were already in rough shape before the pandemic began due to excessive debt and declining foot traffic. Tuesday Morning, which sells a wide variety of merchandise including home decor, bath and body goods, crafts, food, and toys, hopes to stay in business while using the bankruptcy process to restructure its operations. The company plans to permanently close about 230 of its 687 stores this summer. Of those, it has already identified 132 that will be shuttered, including 17 in California. "These stores were…

SoftBank-backed Ola buys Dutch electric scooter company Etergo

SoftBank Group-backed Indian ride-hailing company Ola will acquire Amsterdam-based electric scooter company Etergo as part of its plan to locally ...

SoftBank-backed Ola Electric buys Dutch scooter company Etergo

SoftBank Group-backed Indian ride-hailing company Ola will acquire Amsterdam-based electric scooter company Etergo as part of its plan to locally ...

SoftBank-backed Ola buys Dutch electric scooter company Etergo

SoftBank Group-backed Indian ride-hailing company Ola will acquire Amsterdam-based electric scooter company Etergo as part of its plan to locally build electric vehicles (EVs), the company said on

Ola Electric buys Dutch scooter company Etergo valued at $92 million

Etergo's scooters use swappable, high energy density batteries that give it a range of up to 240 km.

SoftBank-backed Ola Electric buys Dutch scooter company Etergo

NEW DELHI (Reuters) - A unit of SoftBank Group-backed Indian ride-hailing company Ola will buy Amsterdam-based electric scooter company Etergo as part of its plan to locally build electric vehicles (EVs), the company said on Wednesday.

Ola Electric acquires Netherland-based scooter-maker Etergo

While the company did not share the financial details of the deal, according to industry estimates, Etergo was valued at about $80-85 million last year

Nokia shuts Tamil Nadu plant after 42 employees test positive for Coronavirus

Chinese smartphone maker OPPO last week suspended operations at a recently re-opened plant on the outskirts of New Delhi after at least nine workers tested positive for the novel coronavirus.

Nokia Suspends Operations at Its Tamil Nadu Plant After 42 Employees Test COVID-19 Positive: Report

Notably, the plant had been operating in a restricted manner over the past few weeks ever since the Centre announced the easing of the restrictions to fix the economy.

Nokia shuts factory in Tamil Nadu after 42 test positive for COVID-19

Earlier this month, Nokia shut down its manufacturing plant in Tamil Nadu, India. The company made the move after employees tested positive for the Coronavirus infection. While the official numbers weren’t given out, a source close to the situation claimed that the infected number of people reached 42. Back when the COVID-19 cases had initially …

Nokia shutters manufacturing plant as employees test positive for Covid-19

Nokia is the second manufacturing company after Oppo in recent weeks to open up its plant and quickly shut down due to workers testing positive for Covid-19.

Coronavirus crisis: Nokia closes Tamil Nadu plant after 42 employees test positive

Nokia, however is not the first factory to shut down over coronavirus cases. Chinese smartphone company OPPO suspended its operations at a Greater Noida factory after 6 workers tested positive for COVID-19 last week

Nokia shuts Tamil Nadu plant after 42 employees test positive for COVID-19

Nokia did not disclose how many workers at the Sriperumbudur plant tested positive, but a source familiar with the matter said they were at least 42.

EU proposes $825-billion coronavirus recovery fund

The EU remains deeply divided over what conditions should be attached to the funds, and Wednesday’s proposal from the bloc’s executive arm is likely to set off weeks of wrangling

EU Commission proposes €750 billion recovery fund in wake of Covid-19 crisis

The European Commission is proposing a €750 billion recovery fund to reboot economies hit hard by the coronavirus outbreak, EU officials said on Wednesday.

EU Commission to mobilize EUR750 billion for the coronavirus recovery fund – DPA

Ahead of the European Union (EU) Summit, aimed to unveil a post-COVID-19 recovery plan, he Deutsche Presse-Agentur GmbH (DPA) came out with headlines,

EU chief von der Leyen to propose €1 trillion coronavirus recovery fund

It comes after Germany and France proposed a €500 billion fund instead of coronabonds – but it’s still not clear if the funds will be loans or grants.

EU proposes €750 billion coronavirus recovery fund

The European Commission has proposed a recovery fund of €750 billion, which it says is designed to repair the economic damage caused by the coronavirus pandemic.

EU proposes 750 billion-euro coronavirus recovery fund

BRUSSELS (AP) — The European Union proposed Wednesday a 750 billion-euro ($825 billion) recovery fund to help countries weather a painful recession triggered by the coronavirus and bridge divisions over...

ICRA expects muted participation in spectrum auction, sees industry debt rising

It said the upcoming spectrum auctions are expected to see "muted" or "modest" participation, fetching around Rs 55,000-60,000 crore to the exchequer.

Moderate participation expected in spectrum auctions: ICRA

IANS Mumbai Rating agency Investment Information and Credit Rating Agency (ICRA) expects moderate participation for the upcoming spectrum auctions at

Icra expects moderate participation in spectrum auctions up to Rs 60,000 cr

The Centre has budgeted Rs 1.33 trillion as non-tax receipts from the telecom sector for FY2021

Moderate participation expected in spectrum auctions; telecom industry's debt to elevate at Rs 4.6 cr in FY21: ICRA

Rating agency ICRA expects moderate participation for the upcoming spectrum auctions at Rs 55,000-Rs 60,000 crore due to the limited financial flexibility of the industry

ICRA expects muted participation in spectrum auction, sees industry debt rising

Despite the anticipated improvement in the cash flow generation in the current financial year post the tariff hikes, the debt coverage metrics is expected to continue to remain weak given the unyieldingly high debt levels, it said.

Akinwunmi Adesina hits back over graft accusations

The president of the African Development Bank (AfDB), Akinwumi Adesina, hit back on Wednesday at accusations of corruption and vowed to continue working.

African Development Bank chief hits back over graft accusations

Abidjan, Ivory Coast | AFP | The president of the African Development Bank (AfDB), Akinwumi Adesina, hit back on Wednesday at accusations of corruption and vowed to continue working. In a press statement, Adesina slammed “unprecedented attempts by some to tarnish my reputation” and declared “I will… continue to work with each and every one of …

African Development Bank chief hits back over graft accusations

The president of the African Development Bank (AfDB), Akinwumi Adesina, hit back on Wednesday at accusations of corruption and vowed to continue working. In a press statement, Adesina slammed "unprecedented attempts by some to tarnish my reputation" and declared "I will... continue to

Adesina hits back over graft accusations, vows to continue working

The president of the African Development Bank (AfDB), Akinwumi Adesina, hit back on Wednesday at accusations of corruption.

African Development Bank chief hits back over graft accusations

'I maintain my innocence with regard to trumped-up allegations that unjustly seek to impugn my honor and integrity, as well as the reputation of the African Development Bank,' says Akinwumi Adesina

Sensex rallies 996 pts ahead of F&O expiry at closing; Nifty tops 9,300

The BSE Sensex rallied 996 points on Wednesday, led by massive gains in banking and IT stocks ahead of the expiry of monthly derivatives amid firm overseas cues. After hitting a high of 31,660.60

Sensex rises 996 points to close at 31,605; Nifty reclaims 9,300

(Representative image) NEW DELHI: Equity indices finished higher on Wednesday with the benchmark BSE sensex rising nearly 1,000 points led … Sensex rises 996 points to close at 31,605; Nifty reclaims 9,300 Read More »

Sensex rallies 996 points ahead of F&O expiry; Nifty tops 9,300

The BSE Sensex rallied 996 points on Wednesday, led by massive gains in banking and IT stocks ahead of the expiry of monthly derivatives amid firm overseas cues. After hitting a high of 31,660.60 duri

Sensex rallies 996 points, Nifty reclaims 9,300-mark

Axis Bank was the top gainer as banking stocks led the rally in a highly volatile session.

Sensex rises 996 points to close at 31,605; Nifty reclaims 9,300

India Business News: Equity indices finished higher on Wednesday with the benchmark BSE Sensex rising nearly 1,000 points led by gains in banking and financial stocks. The

Tamil Nadu to create 47,000 plus jobs, inks deals for over Rs 15,000 crore investment

The investments, to the tune of Rs 15,128 crore will be in diverse sectors including manufacturing of commercial vehicles and energy, the government said adding nine pacts were signed at the Secretariat in the presence of Chief Minister K Palaniswami and eight other companies firmed up the deals via a virtual link.

Tamil Nadu signs 17 agreements for investments of over ₹15,100 crore

The Memorandums of Understanding have been signed with companies from various countries and are expected to provide jobs to over 47,000 people

Tamil Nadu inks deals for over Rs 15,100 crore investment, to create 47,000 plus jobs

The investments, to the tune of Rs 15,128 crore will be in diverse sectors including manufacturing of commercial vehicles and energy, the government said adding nine pacts were signed at the Secretariat in the presence of Chief Minister K Palaniswami and eight other companies firmed up the deals via a virtual link.

Tamil Nadu signs MoUs worth over Rs 15,000 crore to generate 47,000 jobs

The proposed investment will be towards company's proposed brownfield expansion at company's Oragadam facility near Chennai

Tamil Nadu inks deals for over Rs 15,100 crore investment, to create 47,000 plus jobs

The investments, to the tune of Rs 15,128 crore will be in diverse sectors including manufacturing of commercial vehicles and energy, the government said adding nine pacts were signed at the Secretariat in the presence of Chief Minister K Palaniswami and eight other companies firmed up the deals via a virtual link.

The DoJ has dropped its probe into 3 US senators who dumped stock work millions shortly before the coronavirus market crash

Senators Loeffler, Inhofe, and Feinstein sold stock earlier this year — but said the move was made by money managers without their direct involvement.

The DOJ has dropped its probe into 3 US senators who dumped stock work millions shortly before the coronavirus market crash, Business Insider - Business Insider Singapore

Business Insider - Sens. Kelly Loeffler, James Inhofe, and Dianne Feinstein have said money managers sold the stock without their direct involvement.. Read more at businessinsider.sg

The DoJ has dropped its probe into 3 US senators who dumped stock work millions shortly before the coronavirus market crash

Senators Loeffler, Inhofe, and Feinstein sold stock earlier this year — but said the move was made by money managers without their direct involvement.

The DOJ has dropped its probe into 3 US senators who dumped stock work millions shortly before the coronavirus market crash

The Department of Justice is dropping its investigation into three US senators accused of insider trading over stock sales made after they received closed-door briefings on the novel coronavirus.

The EU plans a record-breaking new stimulus package of $826 billion to soothe Europe's economic pain from the coronavirus, Business Insider - Business Insider Singapore

Business Insider - The European commission aims to fund its recovery plan by raising unprecedented sums on the financial markets.. Read more at businessinsider.sg

Boeing Restarts Production of 737 MAX Jet Liner

The production was halted for four months following two deadly crashes in less than five months, which killed all 346 people on board, with software programming...

Boeing Resumes Production Of 737 Max At "Low" Rate

Boeing has resumed production of the 737 MAX at a "low" rate following two deadly crashes that led to the aircraft's global grounding by regulators, the company said Wednesday.

Boeing resumes production of embattled 737 Max

Jet hasn’t flown commercially since March 2019 after 2 deadly crashes

Boeing resumes 737 MAX production at low rate

Boeing resumes 737 MAX production at low rate

U.S. states sue Trump administration over fuel efficiency rollback

WASHINGTON (Reuters) - A group of 23 U.S. states and the District of Columbia filed a lawsuit on Wednesday challenging a Trump administration decision to weaken Obama-era fuel efficiency standards.

U.S. states sue Trump administration over fuel efficiency rollback

WASHINGTON — A group of 23 U.S. states and the District of Columbia filed a lawsuit on Wednesday challenging a Trump administration decision to weaken Obama-era fuel efficiency standards.

23 states sue Trump administration over fuel efficiency rollback

A group of 23 U.S. states and the District of Columbia filed a lawsuit on Wednesday challenging a Trump administration decision to weaken Obama-era fuel efficiency standards. In March, the Trump administration issued final rules requiring 1.5% annual increases in vehicle fuel efficiency through 2026 - far weaker than the…

23 U.S. states sue Trump administration over fuel efficiency rollback

A group of 23 U.S. states led by California, the District of Columbia and four major cities are filing suit Wednesday to challenge a Trump administration decision to weaken Obama administration fuel efficiency standards. In March, the Trump administration issued final rules requiring 1.5% annual increases in efficiency through 2026 - far weaker than the 5% increases in the discarded Obama-era rules - but abandoned its August 2018 proposal to freeze requirements at 2020 levels through 2026. Las

UK tells EU: Break the Brexit 'impasse' so we can do trade deal

Britain told the European Union on Wednesday it needed to break a fundamental impasse to clinch a Brexit trade deal by the end of the year and ...

UK tells EU: break the Brexit 'impasse' so we can do trade deal

LONDON (Reuters) - Britain told the European Union on Wednesday it needed to break a fundamental impasse to clinch a Brexit trade deal by the end of the year and said an agreement on fisheries might not be ready by July.

UK tells EU: break the Brexit 'impasse' so we can do trade deal

LONDON (Reuters) - Britain told the European Union on Wednesday it needed to break a fundamental impasse to clinch a Brexit trade deal by the end of the year and said an agreement on fisheries might not be ready by July.

UK tells EU: break the Brexit 'impasse' so we can do trade deal

Britain told the European Union on Wednesday it needed to break a fundamental impasse to clinch a Brexit trade deal by the end of the year and said an agreement on fisheries might not be ready by July. The United Kingdom left the EU on Jan. 31 but the main terms of its membership remain in place during

Olympic chief Bach consults with IOC members over virus fallout

Olympic chief Thomas Bach on Wednesday held a series of talks with International Olympic Committee members on the potential consequences of the coronavirus pandemic that has seen the Tokyo Games pushed back a year to 2021, sources said. Bach was to address the 100 IOC members in three different sessions…

Olympic chief Bach consults with IOC members over COVID-19 fallout

LAUSANNE: Olympic chief Thomas Bach on Wednesday (May 27) held a series of talks with International Olympic Committee members on the potential ...

Olympic chief Bach consults with IOC members over virus fallout

Olympic chief Thomas Bach held a series of talks with IOC members on the potential consequences of the coronavirus pandemic.

Olympic chief Bach consults with IOC members over virus fallout

Bach's aim is to canvas the members for their view on "how to handle the consequences of the coronavirus pandemic", a source told AFP.

Renault and Nissan rule out merger as they unveil survival plan

Renault , Nissan Motor Co and Mitsubishi Motors Corp ruled out a merger on Wednesday and doubled down on a plan to cooperate more closely on car ...

Renault, Nissan rule out merger, unveil plan to save troubled alliance

Renault and Nissan were among the weakest global automakers going into the coronavirus crisis

Renault and Nissan rule out merger as they unveil survival plan

PARIS/TOKYO (Reuters) - Renault (RENA.PA), Nissan Motor Co (7201.T) and Mitsubishi Motors Corp (7211.T) ruled out a merger on Wednesday and doubled down on a plan to cooperate more closely on car production to save costs and salvage their troubled alliance.

Renault and Nissan rule out merger as they unveil survival plan

Companies to cooperate more closely on car production to save costs

Govt amends norms; companys’ contribution to PM Cares Fund to qualify as CSR expenditure

NEW DELHI: The government has amended the norms whereby contributions by corporates to the PM CARES Fund will qualify as … Govt amends norms; companys’ contribution to PM Cares Fund to qualify as CSR expenditure Read More »

Govt amends norms; companys' contribution to PM Cares Fund to qualify as CSR expenditure

India Business News: The government has amended the norms whereby contributions by corporates to the PM CARES Fund will qualify as corporate social responsibility (CSR) sp

Govt amends norms; companies' contribution to PM CARES Fund to qualify as CSR expenditure

The government has amended the norms whereby contributions by corporates to the PM CARES Fund will qualify as CSR spending under the companies law

Government amends norms; companies' contribution to PM CARES Fund to qualify as CSR expenditure

The PM CARES Fund would be utilised to deal with any emergency or distress situation such as coronavirus outbreak.

ED attaches JP Morgan assets worth Rs 187 cr, MNC in SC denies wrong doing in Amrapali case

The firm, JP Morgan India on other hand denied any wrong doing and said that attachment of properties by the Enforcement Directorate is blatantly illegal as it was not part of any kind of financial dealing with Amrapali Group and it was JP Morgan Singapore and Mauritius which had allegedly invested in the real estate group.

ED attaches JP Morgan assets worth Rs 187 Cr, MNC in SC denies wrong doing in Amrapali case

During the arguments, senior advocate Mukul Rohatgi appearing for JP Morgan India, said that on Tuesday, the Enforcement Directorate (ED) has attached the account of the multi-national firm to recover money to the extent as per the apex court's directions.

Amrapali case: ED attaches JP Morgan India accounts worth Rs 187 crore

The Supreme Court on Friday had allowed the agency to attach the investment banking firm's assets to recover the amount identified as proceeds of crime under PMLA

Amrapali case: ED attaches JP Morgan assets worth Rs187 cr, firm cries foul

A bench of Justices Arun Mishra and U U Lalit asked the Enforcement Directorate to file a short reply on the grievance raised by the JP Morgan India

Govt extends Bharat Petroleum privatisation bid deadline to July 31

Any private company having a net worth of $ 10 billion is eligible for bidding and consortium of not more than four firms will be allowed to bid

BPCL privatisation bid deadline extended; check new date

The company distributes 21 per cent of petroleum products consumed in the country by volume as of March this year.

Government extends BPCL bid deadline to July 31

The EoI submission deadline was May 2, but on March 31 it was extended up to June 13.

BPCL privatisation bid deadline further extended until July 31

While the Cabinet had in November last year approved the sale of government's entire 52.98 percent stake in BPCL, offers seeking expression of interest (EoI), or bids showing interest in buying its stake, were invited only on March 7.

Amazon is in advanced talks to purchase self-driving vehicle start-up Zoox

Amazon is reportedly in advanced talks to purchase self-driving vehicle start-up Zoox. Sources familiar with the matter tell The Wall Street Journal that the deal would value the company under $3.2 billion, the valuation its 2018 round of funding was based on.

Amazon in advanced talks to buy self-driving startup Zoox - WSJ

Amazon.com Inc is in advanced talks to buy self-driving startup Zoox Inc, in a move that would expand the e-commerce giant's reach in ...

Amazon in talks to buy driverless car start-up Zoox

Acquisition would be first by ecommerce group of an autonomous vehicle company

Amazon in advanced talks to buy self-driving startup Zoox: WSJ

(Reuters) - Amazon.com Inc (AMZN.O) is in advanced talks to buy self-driving startup Zoox Inc, in a move that would expand the e-commerce giant's reach in autonomous-vehicle technology, the Wall Street Journal reported on.wsj.com/36wXJUV on Tuesday.

Gold Price News and Forecast: XAU/USD returns to $1,712 and turns positive on the day

XAU/USD has bounced up from two-week lows sub $1700 on Wednesday and is turning positive on the daily charts. The precious metal has reached $1,712 ar

Gold Price News and Forecast: XAU/USD at $1,700 again [Video]

With broad risk appetite turning positive in recent sessions, we have seen gold slipping lower. The positive near term outlook been gradually replaced

Gold Price News and Forecast: XAU/USD tumbled to 1,705.00

Lately, gold price has responded with lower economic numbers, because the recent economic numbers reflect the impact of the outbreak of Covid-19, and

Gold Price News and Forecast: XAU/USD bounce from sub-4H 200-SMA has stalled

Gold's overnight drop below the 4-hour chart 200-candle simple moving average (SMA) was short-lived, possibly due to US-China tensions. Technical char

SBI Home, Personal Loan EMI moratorium extended by three months! Bank notifies customers

SBI today said in a statement that it has also proactively reached out to all of its eligible loan customers to obtain their consent to stop their Standing Instructions

SBI extends moratorium on loans by three months

Earlier, Reserve Bank of India (RBI) had on May 22 announced the extension of moratorium by another three months.

Coronavirus: SBI extends term loan EMI moratorium by 3 months, simplifies EMI deferment process

The extension of moratorium and deferment of EMIs would give some respite to the borrowers amid coronavirus outbreak, says SBI

SBI extends term loan EMI moratorium by 3 months as coronavirus 'respite''

The state-owner lender said it had contacted loan customers to obtain their consent to stop their Standing Instructions

Aditya Birla Fashion set to launch Rs 1,000 crore rights issue; here’s what it will do with the money

The board, which is meeting on Wednesday, is set to approve the plan to raise Rs 1,000 crore by way of a rights issue, which will be fully subscribed to by the promoters/promoter group, the official said.

Aditya Birla Fashion plans to launch Rs 1,000-cr rights issue: Official

The rights issue is part of their objectives of reducing leverage, strengthening balance sheet apart from funding general corporate expenses, including working capital

Aditya Birla Fashion plans Rs 1,000 crore rights issue

Aditya Birla Fashion & Retail is the country's largest pure-play fashion and lifestyle player.

Aditya Birla Fashion & Retail plans Rs 1,000 crore rights issue

Aditya Birla Fashion & Retail is the country's largest pure-play fashion and lifestyle player with a strong bouquet of fashion brands and retail formats with a network of over 3,040 stores, and presence across 25,000 multi-brand outlets across the country.

L&T delivers critical equipment to global clients during lockdown

The final 4 coke drums part of a package of critical hydrocracking reactors for Duqm Refinery in Oman was delivered on time

L&T Heavy Engineering achieves delivery of critical equipment during lockdown

L&T Heavy Engineering achieves delivery of critical equipment during lockdown

L&T Heavy Engineering supplied critical equipment to four countries during lockdown

L&T delivers critical nuclear power plant equipment to global customers during lockdown

The company's heavy Engineering arm delivered these equipment to global clients in Abu Dhabi, France and other places, Larsen & Toubro said in a statement.

COVID-19 crisis is causing biggest fall in global energy investment in history: IEA

The unparalleled decline is staggering in both its scale and swiftness, with serious potential implications for energy security and clean energy transitions

COVID-19 crisis causing biggest fall in global energy investments

Kampala, Uganda | THE INDEPENDENT | The COVID-19 pandemic has set in motion the largest drop in global energy investment in history with spending expected to plunge in every major sector this year – from fossil fuels to renewables and efficiency – the International Energy Agency said in a new report released today. The unparalleled …

Global energy investment may see a record fall in 2020 over Covid-19: IEA

Governments are easing restrictions put in place to curb the spread of the virus after the confinement of around 3 billion people brought the global economy to a near standstill

IEA: Covid-19 crisis causing biggest fall in global energy investment in history

In a report published on Wednesday, the Paris-based International Energy Agency (IEA) highlighted that the coronavirus crisis causing biggest fall in

After rare silence, Istanbul's Grand Bazaar prepares to reopen

An eerie silence has fallen over Istanbul's Grand Bazaar, one of the world's oldest, largest and most visited markets, where a raucous mixture of ...

After rare silence, Istanbul’s Grand Bazaar prepares to reopen

ISTANBUL, May 27 — An eerie silence has fallen over Istanbul’s Grand Bazaar, one of the world’s oldest, largest and most visited markets, where a raucous mixture of languages, cultures and commerce has buzzed for centuries. But there are now signs of life at the market as municipal workers...

After rare silence, Istanbul's Grand Bazaar prepares to reopen

An eerie silence has fallen over Istanbul's Grand Bazaar, one of the world's oldest, largest and most visited markets, where a raucous mixture of languages, cultures and commerce has buzzed for centuries.

Grand Bazaar prepares to reopen

: An eerie silence has fallen over Istanbul's Grand Bazaar, one of the world's oldest, largest and most visited markets

NCLT approves sale of IL&FS stake in GIFT City to Gujarat govt

NCLT approves IL&FS stake sale in GIFT City to Gujarat govt

That sale consideration payable to IL&FS excluding resolution process costs shall be credited into a designated escrow account intimated to the infrastructure lending group

IL&FS gets NCLT nod to sell stake in GIFT City to Gujarat govt

Debt-laden IL&FS will sell its entire stake in Gujarat International Finance Tec-City Limited (GIFTCL) to the Gujarat government.IL&FS has a 50 per cent stake in GIFTCL, which comprise

NCLT approves IL&FS stake sale in GIFTCL to Gujarat govt

The order said that IL&FS had sought that an amount of Rs 61.84 lakh is excluded as resolution process costs incurred for meeting various expenditures, other applicable taxes from the sale proceeds of the applicant's shareholding in GIFTCL to the Gujarat government.

PNC Financial Services Group Inc. Decreases Stock Holdings in Best Buy Co Inc (NYSE:BBY)

PNC Financial Services Group Inc. trimmed its stake in shares of Best Buy Co Inc (NYSE:BBY) by 4.6% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 41,823 shares of the technology retailer’s stock after selling 2,035 shares during the period. PNC Financial Services Group […]

PNC Financial Services Group Inc. Raises Stake in DENTSPLY SIRONA Inc (NASDAQ:XRAY)

PNC Financial Services Group Inc. boosted its position in DENTSPLY SIRONA Inc (NASDAQ:XRAY) by 36.9% 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 46,949 shares of the medical instruments supplier’s stock after buying an additional 12,660 shares […]

PNC Financial Services Group Inc. Increases Holdings in Verisign, Inc. (NASDAQ:VRSN)

PNC Financial Services Group Inc. lifted its position in shares of Verisign, Inc. (NASDAQ:VRSN) by 9.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,095 shares of the information services provider’s stock after acquiring an additional 906 shares during the quarter. PNC […]

PNC Financial Services Group Inc. Boosts Position in Lincoln Electric Holdings, Inc. (NASDAQ:LECO)

PNC Financial Services Group Inc. increased its position in Lincoln Electric Holdings, Inc. (NASDAQ:LECO) by 10.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,951 shares of the industrial products company’s stock after purchasing an additional 2,610 shares during […]

COVID-19 rent aid for businesses, landlords to cost $520 million, PBO says

OTTAWA — Parliament's spending watchdog estimates a program aimed at giving small businesses a break on their rents could cost the federal treasury $520 million this fiscal year.

COVID-19 rent aid for businesses, landlords to cost $520 million, PBO says

OTTAWA - Parliament's spending watchdog estimates a program aimed at giving small businesses a break on their rents could cost the federal treasury $520 mil

COVID-19 rent aid for businesses, landlords to cost $520 million, PBO says

Parliament's spending watchdog estimates a federal program aimed at giving small businesses a break on their rent could cost the public purse $520 million this fiscal year.

COVID-19 rent aid for businesses, landlords to cost $520 million, PBO says

Parliament's spending watchdog estimates a federal program aimed at giving small businesses a break on their rent could cost the public purse $520 million this fiscal year.

Identify private hospitals to treat COVID-19 patients for free or at nominal cost: SC to Centre

The bench was hearing an application filed in a plea which has sought a direction for regulating the cost of treatment of COVID-19 at private hospitals across the country.

SC asks Centre to identify private hospitals for free Covid-19 treatment

Three-judge bench led by CJI says there are private hospitals that have been given land either free of cost or at nominal rates, so they should treat coronavirus-infected patients for free

Identify private hospitals to treat COVID-19 patients for free or at nominal cost: SC to Centre

Nagaland Page is an English newspaper published from Dimapur, Nagaland.

Covid-19: Identify private hospitals for free or minimum cost treatment of patients, SC tells Centre

Chief Justice of India SA Bobde asked why the private hospitals, who have been given land free of cost by the government, cannot treat patients for free.

Google says it plans to start reopening offices soon

Offices to reopen in a phased manner for Google employees who cannot work remotely.

Google offices to gradually start reopening

Will give staff US$1000 for home office setup.

Google to begin reopening offices in July

The technology giant has said new health and safety measures will be in place to support social distancing.

Google will begin reopening its offices starting July 6 with limited capacity

Google will begin reopening its offices starting July 6 with limited capacity, Alphabet and Google CEO Sundar Pichai said on Tuesday.Pichai, in an official blog post, said that the tech giant will beg

Spectrum Management Group LLC Sells 1,374 Shares of Johnson & Johnson (NYSE:JNJ)

Spectrum Management Group LLC lessened its stake in shares of Johnson & Johnson (NYSE:JNJ) by 87.5% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 196 shares of the company’s stock after selling 1,374 shares during the quarter. Spectrum Management Group LLC’s holdings […]

Armbruster Capital Management Inc. Sells 325 Shares of Johnson & Johnson (NYSE:JNJ)

Armbruster Capital Management Inc. reduced its stake in shares of Johnson & Johnson (NYSE:JNJ) by 9.1% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,265 shares of the company’s stock after selling 325 shares during the period. Armbruster Capital Management Inc.’s holdings in Johnson […]

Johnson & Johnson (NYSE:JNJ) Shares Purchased by Hilton Capital Management LLC

Hilton Capital Management LLC increased its position in shares of Johnson & Johnson (NYSE:JNJ) by 907.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 75,620 shares of the company’s stock after acquiring an additional 68,116 shares during the quarter. Johnson […]

Johnson & Johnson (NYSE:JNJ) is Moloney Securities Asset Management LLC’s 3rd Largest Position

Moloney Securities Asset Management LLC grew its position in shares of Johnson & Johnson (NYSE:JNJ) by 15.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,097 shares of the company’s stock after purchasing an additional 8,210 shares during the […]

Johnson & Johnson (NYSE:JNJ) Stake Raised by Fiera Capital Corp

Fiera Capital Corp grew its position in Johnson & Johnson (NYSE:JNJ) by 9.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,931,498 shares of the company’s stock after acquiring an additional 580,576 shares during the quarter. Johnson & Johnson comprises about […]

Citizens & Northern Corp Has $2.14 Million Stake in Johnson & Johnson (NYSE:JNJ)

Citizens & Northern Corp increased its holdings in Johnson & Johnson (NYSE:JNJ) by 6.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,282 shares of the company’s stock after buying an additional 921 shares during the period. Johnson […]

Nations Financial Group Inc. IA ADV Has $1 Million Stake in Johnson & Johnson (NYSE:JNJ)

Nations Financial Group Inc. IA ADV lessened its stake in Johnson & Johnson (NYSE:JNJ) by 1.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,655 shares of the company’s stock after selling 135 shares during the period. Nations Financial Group Inc. IA […]

Capital Advantage Inc. Has $958,000 Stake in Johnson & Johnson (NYSE:JNJ)

Capital Advantage Inc. boosted its holdings in shares of Johnson & Johnson (NYSE:JNJ) by 2.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,305 shares of the company’s stock after buying an additional 138 shares during the quarter. Capital Advantage Inc.’s holdings in […]

Bank of The West Decreases Stake in Johnson & Johnson (NYSE:JNJ)

Bank of The West reduced its stake in shares of Johnson & Johnson (NYSE:JNJ) by 5.0% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 16,577 shares of the company’s stock after selling 867 shares during the period. Bank of The West’s holdings in Johnson […]

Johnson & Johnson (NYSE:JNJ) Shares Sold by Security National Bank of Sioux City Iowa IA

Security National Bank of Sioux City Iowa IA decreased its position in shares of Johnson & Johnson (NYSE:JNJ) by 1.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,628 shares of the company’s stock after selling 270 shares during the period. […]

Security National Bank of SO Dak Trims Holdings in Johnson & Johnson (NYSE:JNJ)

Security National Bank of SO Dak lowered its holdings in shares of Johnson & Johnson (NYSE:JNJ) by 7.0% during the 1st quarter, Holdings Channel.com reports. The firm owned 13,402 shares of the company’s stock after selling 1,006 shares during the quarter. Johnson & Johnson accounts for about 2.3% of Security National Bank of SO Dak’s […]

Quilter Plc Decreases Stock Holdings in Johnson & Johnson (NYSE:JNJ)

Quilter Plc decreased its position in shares of Johnson & Johnson (NYSE:JNJ) by 0.2% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 134,207 shares of the company’s stock after selling 269 shares during the period. Johnson & Johnson makes up about 1.2% […]

Drugmaker Sanofi to raise over US$11 billion via sale of Regeneron shares

Sanofi will raise over US$11 billion from the sale of 21.6 million shares in its U.S. partner Regeneron, the French drugmaker said on Wednesday, ...

Drugmaker Sanofi to raise over $11 billion via sale of Regeneron shares

Earlier this week, Regeneron had said it would repurchase about $5 billion of its shares directly from Sanofi, without altering their over-a-decade-long partnership

Drugmaker Sanofi to raise over $11 billion via sale of Regeneron shares

PARIS (Reuters) - Sanofi (SASY.PA) will raise over $11 billion from the sale of 21.6 million shares in its U.S. partner Regeneron (REGN.O), the French drugmaker said on Wednesday, adding it would use the proceeds for innovation and general growth.

Drugmaker Sanofi to raise over $11 billion via sale of Regeneron shares

Earlier this week, Regeneron had said it would repurchase about $5 billion of its shares directly from Sanofi, without altering their over-a-decade-long partnership.

Covid-19 pandemic to accelerate digital adoption in India: Morgan Stanley

Morgan Stanley said Covid-19 has relieved some apprehension relating to digital transactions

COVID-19 to accelerate digital adoption in India; Jio helped spur internet usage: Morgan Stanley

India's total online shopper base at 30 per cent of its internet population is low when compared with 78 per cent in China and 70-plus per cent in the US. Morgan Stanley projected India's 670 million internet users to rise to 914 million by 2027 and online shoppers to jump to 590 million from 190 million in 2020.

COVID-19 to accelerate digital adoption in India; Reliance Jio helped spur internet usage: Morgan Stanley

In a 53-page report on 'India's Digital Economy in a Post-COVID-19 World', Morgan Stanley said 2020 will likely see increasing online penetration in grocery and will put a few Super Apps into motion.

COVID-19 to accelerate digital adoption in India

COVID-19 is expected to accelerate digital adoption in India and as online trends take shape, behavioural modification could strengthen, with contactless shopping, payments.

AMN Healthcare Services, Inc. (NYSE:AMN) Shares Acquired by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of AMN Healthcare Services, Inc. (NYSE:AMN) by 38.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,401 shares of the company’s stock after buying an additional 1,213 shares during the period. Zurcher Kantonalbank Zurich […]

Zurcher Kantonalbank Zurich Cantonalbank Purchases 1,409 Shares of Ares Management Corp (NYSE:ARES)

Zurcher Kantonalbank Zurich Cantonalbank raised its position in Ares Management Corp (NYSE:ARES) by 24.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,109 shares of the asset manager’s stock after buying an additional 1,409 shares during the quarter. Zurcher Kantonalbank […]

Zurcher Kantonalbank Zurich Cantonalbank Purchases 1,434 Shares of Brighthouse Financial Inc (NASDAQ:BHF)

Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Brighthouse Financial Inc (NASDAQ:BHF) by 18.1% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 9,348 shares of the company’s stock after purchasing an additional 1,434 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Brighthouse Financial were worth […]

SPS Commerce, Inc. (NASDAQ:SPSC) Shares Sold by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank trimmed its position in shares of SPS Commerce, Inc. (NASDAQ:SPSC) by 15.5% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,050 shares of the software maker’s stock after selling 927 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings […]

Johnson & Johnson (NYSE:JNJ) Shares Purchased by Swiss National Bank

Swiss National Bank increased its position in shares of Johnson & Johnson (NYSE:JNJ) by 21.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,147,766 shares of the company’s stock after purchasing an additional 2,003,900 shares during the period. […]

Donaldson Company, Inc. (NYSE:DCI) Shares Purchased by Swiss National Bank

Swiss National Bank increased its position in Donaldson Company, Inc. (NYSE:DCI) by 0.2% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 244,700 shares of the industrial products company’s stock after purchasing an additional 600 shares during the period. Swiss National Bank owned about 0.19% of Donaldson […]

Etsy Inc (NASDAQ:ETSY) Shares Sold by Swiss National Bank

Swiss National Bank lessened its holdings in Etsy Inc (NASDAQ:ETSY) by 0.3% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 229,800 shares of the specialty retailer’s stock after selling 800 shares during the period. Swiss National Bank’s holdings in Etsy were worth $8,834,000 as of its most recent filing with the Securities […]

Five9 Inc (NASDAQ:FIVN) Shares Purchased by Swiss National Bank

Swiss National Bank boosted its holdings in Five9 Inc (NASDAQ:FIVN) by 2.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 118,500 shares of the software maker’s stock after acquiring an additional 2,400 shares during the quarter. Swiss National Bank owned […]

PNC Financial Services Group Inc. Buys 18,570 Shares of iShares Silver Trust (NYSEARCA:SLV)

PNC Financial Services Group Inc. grew its stake in shares of iShares Silver Trust (NYSEARCA:SLV) by 16.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 134,308 shares of the exchange traded fund’s stock after acquiring an additional 18,570 shares during the quarter. […]

AMN Healthcare Services, Inc. (NYSE:AMN) Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. cut its stake in shares of AMN Healthcare Services, Inc. (NYSE:AMN) by 6.3% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 38,629 shares of the company’s stock after selling 2,617 shares during the period. PNC Financial Services Group Inc. owned about 0.08% […]

First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. reduced its holdings in shares of First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) by 14.8% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 64,393 shares of the company’s stock after selling 11,224 shares during the quarter. […]

iShares Europe ETF (NYSEARCA:IEV) Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. lowered its position in shares of iShares Europe ETF (NYSEARCA:IEV) by 41.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 51,795 shares of the company’s stock after selling 36,838 shares during the quarter. PNC Financial Services […]

Food trucks may be the perfect solution to feed customers' nostalgia for dining out as the future of the restaurant industry remains uncertain, Business Insider - Business Insider Singapore

Business Insider - Mobility is now a necessity to reach patrons at home and in parks and open spaces, says Ross Resnick, CEO of food truck company Roaming Hunger.. Read more at businessinsider.sg

Food trucks may be the perfect solution to feed customers' nostalgia for dining out as the future of the restaurant industry remains uncertain

Mobility is now a necessity to reach patrons at home and in parks and open spaces, says Ross Resnick, CEO of food truck company Roaming Hunger.

Food trucks may be the perfect solution to feed customers’ nostalgia for dining out as the future of the restaurant industry remains uncertain

Coronavirus is changing everything, including how we eat, and the impact on the food industry can’t be overstated. During the first 22 days of March alone, the restaurant industry saw a $25 billion loss in revenue. That number soared to $80 billion in April, but concern goes beyond sobering statistics.

The man who filmed his racially charged encounter with a woman in Central Park says he is 'uncomfortable' that she has become a hate figure and lost her job, Business Insider - Business Insider Singapore

Business Insider - Amy Cooper caused outrage when she called the NYPD on Christian Cooper after he asked her to put her dog on a leash.. Read more at businessinsider.sg

How much will be enough when it comes to Canada's COVID-19 supply?

A high-profile announcement by the Liberals this week that automotive giant General Motors would make 10 million medical masks omitted a detail that speaks to the long road ahead in Canada's fight against COVID-19.

How much will be enough when it comes to Canada's COVID-19 supply?

A high-profile announcement by the Liberals this week that automotive giant General Motors would make 10 million medical masks omitted a detail that production will take place over the next year.

How much will be enough when it comes to Canada's COVID-19 supply?

OTTAWA - A high-profile announcement by the Liberals this week that automotive giant General Motors would make 10 million medical masks omitted a detail tha

How much will be enough when it comes to Canada's COVID-19 supply?

OTTAWA — A high-profile announcement by the Liberals this week that automotive giant General Motors would make 10 million medical masks omitted a detail that speaks to the long road ahead in Canada's. . .

Halfords to reopen 53 stores after physical-distancing trial

Customers allowed in store for first time since UK coronavirus lockdown started on 23 March

Halfords to reopen 53 stores to cope with cycling demand and car repairs

The high street retailer has been allowed to trade throughout lockdown, but chose to close stores to the public to protect staff.

Halfords to reopen 53 stores to cope with cycling demand and car repairs

The high street retailer has been allowed to trade throughout lockdown, but chose to close stores to the public to protect staff.

Halfords to reopen 53 stores to cope with cycling demand and car repairs

The high street retailer has been allowed to trade throughout lockdown, but chose to close stores to the public to protect staff.

Govt to discontinue 7.75% saving bonds from May 28

The curtain will come down on the most attractive ‘RBI 7.75% Saving Bonds’ on Thursday, 17 years after they were launched in 2003 to encourage retail investors but became an instant hit with the

Government to withdraw 7.75% Savings (Taxable) Bonds scheme

The scheme, commonly known as RBI Bonds or GOI bonds, is popular among retail investors who looking for safety of principal and a regular income. NRIs, however, are not eligible for making investments in these bonds.

Govt to discontinue 7.75% taxable savings bonds scheme from May 28

The bonds were issued in January 2018 for residents and Hindu Undivided Family (or HUF) members, and became instantly popular.

Four out of five Ryanair passengers still waiting for refunds – survey

Most flights have been cancelled during the coronavirus pandemic but many passengers have struggled to get their money back.

Four out of five Ryanair passengers still waiting for refunds – survey

Most flights have been cancelled during the coronavirus pandemic but many passengers have struggled to get their money back.

Four out of five Ryanair passengers still waiting for refunds – survey

Most flights have been cancelled during the coronavirus pandemic but many passengers have struggled to get their money back.

Stocks rally on EU stimulus plan, euro gains

NEW YORK, May 28 — The euro and equity markets advanced yesterday as enthusiasm for the European Union’s plans for a €750 billion (RM3.5 trillion) recovery fund offset concerns about unrest in Hong Kong over Beijing’s proposed national security laws. US Treasury yields retreated from gains...

Stocks rally on EU stimulus plan, euro gains

NEW YORK (Reuters) - Equity markets rallied on Wednesday, lifted by enthusiasm for the European Union’s plans for a 750 billion euro ($823 billion) recovery fund, but crude prices slid on concerns about unrest in Hong Kong over Beijing’s proposed national security laws.

Stocks, euro rise on massive EU stimulus plan

Unrest in Hong Kong over Beijing's proposed national security laws weighed on global shares and oil prices on Wednesday, offsetting optimism about ...

Boeing to eliminate more than 12,000 U.S. jobs

Boeing announced on Wednesday it is immediately cutting more than 12,000 U.S. jobs, and several thousand more will be eliminated over the next few months. This week, the company will lay off 6,770 employees. Boeing said an additional 5,520 workers accepted buyout offers, and will leave within the next few weeks. Globally, the company has about 160,000 employees, and most of the layoffs are expected to be in the Seattle area, where workers focus on commercial airplanes, The Associated Press reports. Air travel is down tremendously because of the coronavirus, and Boeing CEO David Calhoun wrote in a memo to employees on Wednesday that because of this, there will be "a deep cut in the number of commercial jets and services our customers will need in the next few years, which in turn means fewer jobs on our lines and in our offices." Catherine Garcia

Boeing cutting more than 12,000 U.S. jobs with thousands more planned

By David Shepardson WASHINGTON (Reuters) - Boeing Co said Wednesday it was eliminating more than 12,000 U.S.

Boeing cutting more than 12,000 jobs with layoffs, buyouts

The company said it will lay off 6,770 workers this week, and another 5,520 are taking buyouts.

Saudi Arabia’s bid for Premier League rights helping to smooth Newcastle takeover

Saudi Arabia's bid for Premier League rights helping to smooth Newcastle takeover

Saudi Arabia to move for Premier League TV rights to ensure Newcastle takeover

Newcastle's £300million takeover bid has been held up over the Saudi state's alleged involvement with beoutQ, a pirate service that has illegally broadcast Premier League matches

Saudi Arabia to move for Premier League TV rights to ensure Newcastle takeover

Newcastle's £300million takeover bid has been held up over the Saudi state's alleged involvement with beoutQ, a pirate service that has illegally broadcast Premier League matches

House casts proxy votes in pandemic, Republicans have doubts

WASHINGTON (AP) — It was a day for the history books on Capitol Hill: For the first time, House lawmakers voted by proxy, an unprecedented move to avoid the risks...

US House Republicans to sue Pelosi remote proxy voting in pandemic

U.S. House of Representatives Republicans will sue Democratic Speaker Nancy Pelosi over rule changes that allow members to vote on each other's ...

House Republicans sue Pelosi in long-shot bid to halt House proxy voting

The House plans to vote Wednesday on reauthorizing the Foreign Intelligence Surveillance Act, inaugurating a new rule that allows members to submit their votes via congressional proxy. The proxy voting rule, approved along party lines, allows one member of Congress to vote yes, no, or present for up to 10 colleagues, and more than 50 House Democrats had registered a proxy by Tuesday night. The temporary measure allows members of Congress to avoid travel and Washington, D.C., during the COVID-19 pandemic. House Republicans sued House Speaker Nancy Pelosi (D-Calif.) in federal court Tuesday night to block the measure, claiming it is unconstitutional because the House would be voting without a physical quorum. Pelosi said Tuesday that the rule is "fully consistent with the Constitution," arguing the House GOP's "sad stunt" is an attempt "to delay and obstruct urgently needed action to meet the needs of American workers and families during the coronavirus crisis." "It's unlikely that Republicans will find a welcome…

A pharmacist known as 'the Mask Man' has been charged with hoarding $200,000 worth of N95 masks and price-gouging customers, Business Insider - Business Insider Singapore

Business Insider - The DOJ said the pharmacist, 66-year-old Richard Schirripa, sold $2,690 of masks to an undercover officer and said he felt "like a drug dealer.". Read more at businessinsider.sg

A pharmacist known as 'the Mask Man' has been charged with hoarding $200,000 worth of N95 masks and price-gouging customers

The DOJ said the pharmacist, 66-year-old Richard Schirripa, sold $2,690 of masks to an undercover officer and said he felt "like a drug dealer."

A pharmacist known as ‘the Mask Man’ has been charged with hoarding $200,000 worth of N95 masks and price-gouging customers

A New York pharmacist known as “the Mask Man” hoarded $200,000 worth of N95 masks that he purchased shortly before the coronavirus pandemic hit the United States, and sold them at a roughly 50% markup, prosecutors alleged.

Following Hana Kimura's Death, Production On Terrace House Has Stopped

Today, the official website for Terrace House Tokyo 2019-2020, the latest season of the popular reality show, announced that production was ending....

'Terrace House: Tokyo' Canceled Following Hana Kimura's Death

22-year-old pro wrestler died Saturday

'Terrace House Tokyo' canceled following Hana Kimura's death

May 27 (UPI) -- Terrace House Tokyo, the newest season of Japanese reality series Terrace House, has been canceled following the death of cast member and professional wrestler Hana Kimura.

CMHC sees declines in home prices, sales, starts that will linger to end of 2022

Canada's housing sector will see a retreat in prices, sales and building in the months ahead and likely won't see a return to pre-pandemic levels until at least the end of 2022, according to Canada Mortgage and Housing Corp.

CMHC sees declines in home prices, sales, starts that will linger to end of 2022

CMHC said average housing prices could fall anywhere from nine to 18 per cent in its forecast

CMHC sees declines in home prices, sales, starts that will linger to end of 2022

Canada's housing sector will see a retreat in prices, sales and building in the months ahead and likely won't see a return to pre-pandemic levels until at least the end of 2022, said Canada Mortgage and Housing Corp. in an outlook released Wednesday.

Wall Street closes higher on economic revival hopes

Stocks closed higher on Wall Street Wednesday, extending the market's gains into a third day on hopes for a coming economic revival as larger swaths of the country relax stay-at-home mandates imposed due to the coronavirus pandemic and clear the way for more businesses to reopen.Despite a choppy day of trading, the S&P 500 gained 1.5% and finished above the 3,000-point mark for the first time since early March. The Dow Jones Industrial Average crossed above 25,000 points, where it hasn't closed since March.Financial, industrial and health care stocks accounted for a big slice of the gains.

Wall Street opens higher on recovery optimism

Wall Street's major indexes were set for another session of gains on Wednesday as a revival in business activity drove hopes of an economic ...

Wall Street opens higher on recovery optimism

The Dow Jones Industrial Average rose 303.52 points, or 1.21 percent, at the open to 25,298.63.

Khloé Kardashian is selling her Calabasas mansion. Take a look inside the $19 million home, which comes with a private hiking trail and was once owned by Justin Bieber., Business Insider - Business Insider Singapore

Business Insider - Khloe Kardashian photographed the 6-bedroom, 7-bathroom Southern California home herself, using only her iPhone.. Read more at businessinsider.sg

Khloé Kardashian is selling her Calabasas mansion. Take a look inside the $19 million home, which comes with a private hiking trail and was once owned by Justin Bieber.

Khloe Kardashian photographed the 6-bedroom, 7-bathroom Southern California home herself, using only her iPhone.

A YouTuber pulled off an astonishing 70-step basketball trick shot, including skateboards, trampolines, and a ping-pong ball roller coaster, Business Insider - Business Insider Singapore

Business Insider - Creezy, who has 142,000 subscribers on his YouTube channel, said the trick took two months to pull off.. Read more at businessinsider.sg

Oil slides on U.S.-China tensions

By Laura Sanicola NEW YORK (Reuters) - Oil futures tumbled on Wednesday after U.S. President Donald Trump said he was working on a strong response to China's proposed security law in Hong Kong and as some traders doubted Russia's commitment to deep production cuts

Oil falls on U.S.-China tensions over Hong Kong

Brent crude fell 45 cents, or 1.2 per cent, to $35.72 a barrel by 0906 GMT and U.S. West Texas Intermediate (WTI) crude was down 26 cents, or almost 1 per cent, at $34.09

Oil falls on demand concerns, US-China tensions

Oil prices fell on Wednesday on concerns over how quickly fuel demand will recover even as lockdowns ease in many countries with falling ...

Disney, SeaWorld announce plans for Florida parks to reopen

SeaWorld and Walt Disney World will reopen in Orlando, Fla., in June and July after months of inactivity because of the coronavirus pandemic, according to plans a city task force approved Wednesday.

Disney, SeaWorld announce plans for Florida parks to reopen

FORT LAUDERDALE, Fla. — SeaWorld and Walt Disney World will reopen in Orlando, Florida, in June and July after months of inactivity because of the coronavirus pandemic, under plans approved Wednesday. . .

Disney, SeaWorld to present Florida theme-park reopening plans

Walt Disney Co. and SeaWorld Entertainment Inc. will be the next two operators to present their reopening plans to the Orange County task force charged with bringing the region’s tourist economy back following a more than two-month closing due to the coronavirus.

Pound Sterling Price News and Forecast: GBP/USD reversal from 1.2350 extends to session lows at 1.2205

Cable fell some hundred pips on Wednesday as traders booked profits from Tuesday's 1.2% rally, weakening near-term structure and shifting focus lower.

Pound Sterling Price News and Forecast: GBP/USD bulls paused near 50% Fibo

Flying further up with free-roaming fish? While Brits are closely following the latest developments around Dominic Cummings – the special adviser at D

Pound Sterling Price News and Forecast: GBP/USD's 50-day EMA, 11-week-old resistance line in focus

Having flashed over 1.0% gains the previous day, GBP/USD buyers catch a breather around 1.2330/35 amid the early Asian session on Wednesday. While bul

Putin, Saudi crown prince agree further coordination on oil output cuts - Kremlin

MOSCOW (Reuters) - Russian President Vladimir Putin and Saudi Crown Prince Mohammed bin Salman agreed during a telephone call on further

Moscow says Putin and Saudi Arabia’s Mohammed bin Salman agreed to ‘close coordination’ on oil output

The Kremlin said they also both noted the importance of joint efforts aimed at reaching the agreements within the OPEC+ group in April on oil production curbs

Saudi Arabia's crown prince and Putin agree to 'close coordination' on oil output

MOSCOW: Russian President Vladimir Putin and Saudi Arabia's Crown Prince Mohammed bin Salman, in a telephone call, agreed on further "close coordination" on oil output restrictions, the Kremlin said on Wednesday. They also both noted the importance of joint efforts aimed at reaching the agreements within the OPEC+ group in April on oil production curbs, the Kremlin said.

Wales to launch ‘unprecedented’ contact tracing plan on Monday

An update to the budget was also announced.

Wales to launch ‘unprecedented’ contact tracing plan on Monday

An update to the budget was also announced.

Wales to launch ‘unprecedented’ contact tracing plan on Monday

An update to the budget was also announced.

HBO Max's lack of Roku and Amazon support casts a big shadow over its launch day, Business Insider - Business Insider Singapore

Business Insider - HBO Max isn't available for many of its potential users on launch day, and people are already voicing their concerns on social media.. Read more at businessinsider.sg

HBO Max's lack of Roku and Amazon support casts a big shadow over its launch day

HBO Max isn't available for many of its potential users on launch day, and people are already voicing their concerns on social media.

HBO Max’s lack of Roku and Amazon support casts a big shadow over its launch day

WarnerMedia’s HBO Max launched on Wednesday, but many potential users won’t be able to access it on their TVs.

Nigeria to benefit as World Bank approves $346m for Lake Chad countries

The World Bank has approved funding totalling $346 million through the International Development Association to improve livelihoods in the Lake Chad region

World Bank approves $346 Million for Nigeria, others on Lake Chad

The World Bank has approved $346 million in International Development Association (IDA) financing to help strengthen resilience and livelihoods..

World Bank approves $346m for projects in Nigeria, others

Ihuoma Chiedozie, Abuja The World Bank has approved $346m for two projects aimed at strengthening resilience and livelihoods in the Lake Chad region. A statement from the World Bank explained...

Mike Ashley fails in bid to trigger investigation into struggling Debenhams

Lawyers representing Mr Ashley’s Frasers Group, which owns nearly a third of Debenhams’ shares, asked a judge to appoint a ‘provisional liquidator’

Mike Ashley fails in bid to trigger investigation into struggling Debenhams

Lawyers representing Mr Ashley’s Frasers Group, which owns nearly a third of Debenhams’ shares, asked a judge to appoint a ‘provisional liquidator’

Mike Ashley fails in bid to trigger investigation into struggling Debenhams

Lawyers representing Mr Ashley’s Frasers Group, which owns nearly a third of Debenhams’ shares, asked a judge to appoint a ‘provisional liquidator’

US Firm Aims To Make 1 Billion COVID-19 Vaccine Doses After Buying Plant

Novavax Inc is buying a manufacturing plant from privately held Serum Institute of India, the world's largest maker of vaccines by volume, as the U.S. company aims to produce 1 billion doses of its COVID-19 vaccine candidate next year.

Novavax aims to make one billion COVID-19 vaccine doses after buying plant

(Reuters) - Novavax Inc (NVAX.O) is buying a manufacturing plant from privately held Serum Institute of India, the world’s largest maker of vaccines by volume, as the U.S. company aims to produce 1 billion doses of its COVID-19 vaccine candidate next year.

Novavax aims to make 1 billion COVID-19 vaccine doses after buying plant

The U.S. company said on Wednesday it would buy Czech Republic-based Praha Vaccines, a unit of India's Cyrus Poonawalla Group, which also owns Serum Institute, for $167 million in cash. Novavax is one of several companies in the race to develop a vaccine for COVID-19, the disease caused by the novel

Houseboat residents are sheltering in place on their docks, holding float-up concerts in the middle of the water and boating out onto the San Francisco Bay. Here's how they're living through the pandemic., Business Insider - Business Insider Singapore

Business Insider - Costs are lower, the company is superb, and the sweeping San Francisco Bay is their backyard. The shelter-in-place life hits different on a houseboat.. Read more at businessinsider.sg

Houseboat residents are sheltering in place on their docks, holding float-up concerts in the middle of the water and boating out onto the San Francisco Bay. Here's how they're living through the pandemic.

Costs are lower, the company is superb, and the sweeping San Francisco Bay is their backyard. The shelter-in-place life hits different on a houseboat.

Houseboat residents are sheltering in place on their docks, holding float-up concerts in the middle of the water and boating out onto the San Francisco Bay. Here’s how they’re living through the pandemic.

When the San Francisco Bay Area shelter-in-place order went into effect on March 17, houseboat resident Amy Heiden thought one thing: “We have the best-possible-case scenario,” she told Business Insider.

India initiates anti-dumping probe into imports of polyester yarn from 4 countries

The probe was launched following a complaint by eight domestic manufacturers, including Suryalakshmi Cotton Mills and Suryalata Spinning Mills.

Canada investigating alleged dumping of steel imports from five countries

Anti-dumping duties will be applied for an initial period of five years if the Canadian International Trade Tribunal subsequently concurs that the imports injured domestic producers

India initiates anti-dumping probe into imports of polyester yarn from 4 countries

India has initiated a probe into alleged dumping of polyester yarn, used in the garment industry, from China, Indonesia, Nepal and Vietnam, a move aimed at guarding domestic players from cheap inbound shipments. The probe was launched following a complaint by eight domestic manufacturers, including Suryalakshmi Cotton Mills and Suryalata Spinning Mills.

Renault-Nissan-Mitsubishi deepen their alliance

Struggling automakers Renault, Nissan and Mitsubishi unveiled Wednesday a plan to deepen their alliance, a top global producer of cars, that only months ago seemed on the verge of breakup.

Renault-Nissan-Mitsubishi deepen their alliance

As the auto industry faces an existential crisis from the coronavirus pandemic, Renault, Nissan, and Mitsubishi pledge to work together to 'enhance efficiency and competitiveness'

Renault, Nissan, And Mitsubishi Detail Alliance Business Changes

The part that caught our attention the most is the so-called principles of the leader-follower scheme for vehicles.

London markets make ‘solid’ gains as trading optimism continues

London’s top flight closed 76.49 points higher at 6,144.25p at the end of trading on Wednesday.

London markets make ‘solid’ gains as trading optimism continues

London’s top flight closed 76.49 points higher at 6,144.25p at the end of trading on Wednesday.

London markets make ‘solid’ gains as trading optimism continues

London’s top flight closed 76.49 points higher at 6,144.25p at the end of trading on Wednesday.

GDP growth may rebound to 5% in FY22: Former RBI governor

The economy, which is likely to contract by 5 per cent in the current fiscal year, may expand by around 5 per cent in the next financial year, former RBI governor Duvvuri Subbarao said. Rating agency

India's GDP growth may rebound to 5% in FY22: Former RBI chief Subbarao

Rating agency Crisil on Tuesday had said the Indian economy may shrink by 5% in fiscal 2021, adding this recession could be the country's fourth since Independence and perhaps the worst to date

India's GDP growth may rebound to 5 pc in FY22, says Duvvuri Subbarao

Indian economy may expand by around 5% in the next financial year,ex-RBI guv Duvvuri Subbarao said.

Facebook, Twitter, Google, and Microsoft will let employees work from home through 2020 or longer. Here's how tech companies are reconsidering remote work in the wake of COVID-19., Business Insider - Business Insider Singapore

Business Insider - Tech giants returning to work are relying on safety measures like thermal cameras, mandatory face masks, and hand sanitizer.. Read more at businessinsider.sg

Facebook, Twitter, Google, and Microsoft will let employees work from home through 2020 or longer. Here's how tech companies are reconsidering remote work in the wake of COVID-19.

Tech giants returning to work are relying on safety measures like thermal cameras, mandatory face masks, and hand sanitizer.

Facebook, Twitter, Google, and Microsoft will let employees work from home through 2020 or longer. Here’s how tech companies are reconsidering remote work in the wake of COVID-19.

As states prepare to lift COVID-19 stay-at-home orders across the US, some of tech’s biggest players have started to solidify their timelines for reopening their offices.

UK lockdown drives fastest growth in grocery sales for over 25 years

United Kingdom grocery sales rose by 14.3 percent during the 12 weeks to May 17, the fastest rate since comparable records began in 1994.

UK lockdown drives fastest growth in grocery sales for over 25 years

LONDON, May 27 — UK grocery sales rose by 14.3 per cent during the 12 weeks to May 17, the fastest rate since comparable records began in 1994, as Britons adapted to the national lockdown, data from market researcher Kantar showed today. The period included both the pre-lockdown rush to the shops...

UK lockdown drives fastest growth in grocery sales for over 25 years

Of Britain's big four grocers, industry leader Tesco was the best performer with sales up 12.7%, closely followed by No. 2 player Sainsbury's with a 12.5% increase. No. 4 Morrisons' sales rose 9.8%, while Walmart owned Asda was the laggard with a 6.5% increase.

Pub jobs at risk unless social distancing is cut to one metre, trade groups warn

Expecting pubs to contribute to furlough costs whilst they are still closed is ‘madness’, Chancellor told.

Pub jobs at risk unless social distancing is cut to one metre, trade groups warn

Expecting pubs to contribute to furlough costs whilst they are still closed is ‘madness’, Chancellor told.

Pub jobs at risk unless social distancing is cut to one metre, trade groups warn

Expecting pubs to contribute to furlough costs whilst they are still closed is ‘madness’, Chancellor told.

In chimpanzees, females contribute to the protection of the territory

In many social species, including humans, even if large group sizes provide competitive advantages over smaller neighboring groups, the preponderant role of adult males in territoriality has often been ...

In chimpanzees, females contribute to the protection of the territory

Researchers of the Max Planck Institute for Evolutionary Anthropology in Leipzig, Germany, extensively studied several neighboring groups of western chimpanzees and their findings reveal that females and even the entire group may play a more important role in between-group competition than previously thought. They found that even though adult males seem important in territory increase, territory maintenance and competitive advantage over neighbors act through the entire group in this population of chimpanzees in the Taï National Park.

In chimpanzees, females contribute to the protection of the territory

Researchers have extensively studied several neighboring groups of western chimpanzees and their findings reveal that females and even the entire group may play a more important role in between-group competition than previously thought. They found that even though adult males seem important in territory increase, territory maintenance and competitive advantage over neighbors act through the entire group in this population of chimpanzees in the Taï National Park.

Renault-Nissan announce plan to deepen cooperation to ensure group's survival

Renault SA , Nissan Motor Co and Mitsubishi Motors Corp on Wednesday announced details of a new strategy plan pledging to deepen cooperation in ...

Renault-Nissan-Mitsubishi plan to deepen cooperation

Struggling automakers Renault, Nissan and Mitsubishi unveiled Wednesday a plan to deepen cooperation in their alliance that would see them develop nearly half of cars jointly by 2025 to cut costs and

Renault-Nissan announce plan to deepen cooperation to ensure group's survival

TOKYO (Reuters) - Renault SA, Nissan Motor Co and Mitsubishi Motors Corp on Wednesday announced details of a new strategy plan pledging to deepen cooperation in developing and producing cars to survive as an automaking group.

Jamie Dimon says the US economy looks headed for a 'fairly rapid recovery' from the coronavirus pandemic

JPMorgan CEO Jamie Dimon said at a Deutsche Bank conference on Tuesday that the US could see a fairly rapid recovery, Bloomberg reported. 'The g...

Jamie Dimon says the US economy looks headed for a 'fairly rapid recovery' from the coronavirus pandemic, Business Insider - Business Insider Singapore

Business Insider - "The government has been pretty responsive, large companies have the wherewithal, hopefully we're keeping the small ones alive," said Dimon.. Read more at businessinsider.sg

Jamie Dimon says the US economy looks headed for a ‘fairly rapid recovery’ from the coronavirus pandemic

The US economy could see a swift recovery in the third quarter of the year according to JPMorgan CEO Jamie Dimon.

Mega COVID-19 lockdown puts India’s 'animal spirits' to sleep in April

Government data will probably show expansion slowed in January-March to 1.5%

Mega lockdown puts India's animal spirits to sleep in April

India Business News: India’s economy was pushed into a state of dormancy in April as the world’s strictest stay-at-home measures to contain the coronavirus took its toll.

Mega lockdown puts India’s animal spirits to sleep in April

The numbers offered the first glimpse of the devastating hit to the economy.

Pandemic creating 'lockdown generation' as 1 in 6 youths stop work – U.N.

Young people are facing a 'triple shock' from the coronavirus crisis, which is not only destroying their employment but also disrupting education and training

Pandemic creating ‘lockdown generation’ as one in six youths stop work ― UN

The COVID-19 pandemic has caused surging unemployment worldwide, but has hit young workers especially hard, forcing under 29 to stop working.

Pandemic creating ‘lockdown generation’ as one in six youths stop work: UN

The Covid-19 pandemic has caused surging unemployment worldwide, but has hit young workers especially hard, forcing more than one in six people aged under 29 to stop working, the UN said Wednesday.

ETRADE Capital Management LLC Reduces Stock Holdings in Floor & Decor Holdings Inc (NYSE:FND)

ETRADE Capital Management LLC reduced its stake in shares of Floor & Decor Holdings Inc (NYSE:FND) by 29.3% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 9,705 shares of the company’s stock after selling 4,017 shares during the quarter. ETRADE Capital Management LLC’s […]

ETRADE Capital Management LLC Increases Stake in Proto Labs Inc (NYSE:PRLB)

ETRADE Capital Management LLC grew its position in Proto Labs Inc (NYSE:PRLB) by 20.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,066 shares of the industrial products company’s stock after acquiring an additional 686 shares during the quarter. ETRADE Capital […]

ETRADE Capital Management LLC Boosts Stake in Heico Corp (NYSE:HEI)

ETRADE Capital Management LLC boosted its holdings in Heico Corp (NYSE:HEI) by 19.2% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 4,020 shares of the aerospace company’s stock after buying an additional 647 shares during the period. ETRADE Capital Management LLC’s holdings in Heico were worth […]

Lighthouse Financial Advisors Inc. Buys 2,850 Shares of Johnson & Johnson (NYSE:JNJ)

Lighthouse Financial Advisors Inc. grew its stake in shares of Johnson & Johnson (NYSE:JNJ) by 16.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,000 shares of the company’s stock after purchasing an additional 2,850 shares during the period. Johnson & Johnson makes […]

Johnson & Johnson (NYSE:JNJ) Holdings Lifted by Partnervest Advisory Services LLC

Partnervest Advisory Services LLC increased its holdings in shares of Johnson & Johnson (NYSE:JNJ) by 12.0% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 6,776 shares of the company’s stock after purchasing an additional 725 shares during the quarter. Partnervest Advisory Services LLC’s holdings in Johnson & Johnson were worth $889,000 as of […]

Johnson & Johnson (NYSE:JNJ) Shares Sold by Biondo Investment Advisors LLC

Biondo Investment Advisors LLC trimmed its stake in Johnson & Johnson (NYSE:JNJ) by 1.0% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 36,868 shares of the company’s stock after selling 365 shares during the quarter. Johnson & Johnson makes up 1.6% of Biondo Investment […]

Walmart is now selling used goods from Nike, Coach, Michael Kors and more as it dives into the $32 billion resale market, Business Insider - Business Insider Singapore

Business Insider - Walmart is partnering withe the resale site ThredUp to sell used clothing, shoes, accessories, and handbags on its website.. Read more at businessinsider.sg

Walmart is now selling used goods from Nike, Coach, Michael Kors and more as it dives into the $32 billion resale market

Walmart is partnering withe the resale site ThredUp to sell used clothing, shoes, accessories, and handbags on its website.

Walmart is now selling used goods from Nike, Coach, Michael Kors and more as it dives into the $32 billion resale market

Walmart is partnering withe the resale site ThredUp to sell used clothing, shoes, accessories, and handbags on its website.

Factbox: Renault and Nissan's plan to rebuild their alliance

TOKYO (Reuters) - The automaking alliance of Renault SA (RENA.PA), Nissan Motor Co (7201.T) and Mitsubishi Motors Corp (7211.T) outlined a new strategy on Wednesday whereby the strongest partner takes the lead in areas such as new technologies and parts procurement.

Renault and Nissan rebuild their alliance to ride out the coronavirus storm

When Renault SA , Nissan Motor Co and Mitsubishi Motors Corp announced the last strategy plan for their Alliance in September 2017, the goal was ...

Renault, Nissan rebuild alliance to ride out coronavirus storm; thousands of jobs to be at risk after restructuring plans: Report

When Renault SA, Nissan Motor Co and Mitsubishi Motors Corp announced the last strategy plan for their Alliance in September 2017, the goal was to become the world’s biggest automaker by 2022.

Adani Ports & SEZ raises Rs 500 crore through allotment of NCDs

It allotted 5,000 non-convertible debentures (NCDs) of the face value of Rs 10 lakh each.

Adani Ports & SEZ raises Rs 500 crore through allotment of NCDs

It allotted 5,000 non-convertible debentures (NCDs) of the face value of Rs 10 lakh each, the company said in a BSE filing.

Patanjali to raise Rs 250 cr through debentures

Baba Ramdev-led Patanjali Ayurved plans to issue debentures worth Rs 250 crore that will be used to meet its working capital requirements and strengthen supply chain network.

Swiss National Bank Acquires 2,400 Shares of BWX Technologies Inc (NYSE:BWXT)

Swiss National Bank lifted its holdings in BWX Technologies Inc (NYSE:BWXT) by 1.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 184,700 shares of the technology company’s stock after purchasing an additional 2,400 shares during the period. Swiss National Bank’s holdings in BWX Technologies were […]

Swiss National Bank Buys 348,300 Shares of Noble Energy, Inc. (NYSE:NBL)

Swiss National Bank increased its stake in Noble Energy, Inc. (NYSE:NBL) by 23.1% during the first quarter, HoldingsChannel reports. The firm owned 1,856,312 shares of the oil and gas development company’s stock after acquiring an additional 348,300 shares during the period. Swiss National Bank’s holdings in Noble Energy were worth $11,212,000 as of its most […]

Swiss National Bank Acquires 2,800 Shares of Aecom (NYSE:ACM)

Swiss National Bank raised its holdings in shares of Aecom (NYSE:ACM) by 0.9% in the first quarter, HoldingsChannel.com reports. The firm owned 304,680 shares of the construction company’s stock after buying an additional 2,800 shares during the period. Swiss National Bank’s holdings in Aecom were worth $9,095,000 as of its most recent SEC filing. A […]

Men do over an hour less unpaid labour a day than women in lockdown, study shows

The figures also found time spent on childcare has risen by more than a third during the lockdown.

Men do over an hour less unpaid labour a day than women in lockdown, study shows

The figures also found time spent on childcare has risen by more than a third during the lockdown.

Men do over an hour less unpaid labour a day than women in lockdown, study shows

The figures also found time spent on childcare has risen by more than a third during the lockdown.

Govt may launch coal blocks auction under commercial mining on Jun 11

The government last week approved a methodology for commercial mining of coal on revenue sharing basis

Govt may launch coal blocks auction process under commercial mining on 11 June; 50 mines likely to be put on sale

The government last week approved a methodology for commercial mining of coal on revenue sharing basis.

Govt may launch coal blocks auction process under commercial mining on June 11

The government last week approved a methodology for commercial mining of coal on revenue sharing basis.

Swiss National Bank Increases Position in Polaris Industries Inc. (NYSE:PII)

Swiss National Bank lifted its holdings in Polaris Industries Inc. (NYSE:PII) by 23.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 225,549 shares of the company’s stock after purchasing an additional 42,400 shares during the quarter. Swiss National Bank owned about 0.37% […]

Hawaiian Electric Industries, Inc. (NYSE:HE) Holdings Boosted by Swiss National Bank

Swiss National Bank boosted its holdings in Hawaiian Electric Industries, Inc. (NYSE:HE) by 1.2% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 211,300 shares of the utilities provider’s stock after acquiring an additional 2,600 shares during the period. Swiss National Bank owned […]

Swiss National Bank Grows Position in Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

Swiss National Bank lifted its holdings in shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 23.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 401,831 shares of the aerospace company’s stock after buying an additional 75,600 shares during the period. Swiss […]

Global stocks are mixed after Trump promised 'interesting' action against China, while Europe awaits a huge new stimulus package

Global stocks are mixed Wednesday as investors weigh rising US-China tensions and the growing implications of a new draconian law on Hong Kong, ...

Global stocks are mixed after Trump promised 'interesting' action against China, while Europe awaits a huge new stimulus package, Business Insider - Business Insider Singapore

Business Insider - Trump warned Hong Kong was at risk of losing its status as a global financial centre if China's proposed national security law goes ahead as planned.. Read more at businessinsider.sg

Global stocks are mixed after Trump promised ‘interesting’ action against China, while Europe awaits a huge new stimulus package

Global stocks were mixed Wednesday after US President Trump promised “interesting” action on China’s proposed crackdown on Hong Kong by the end of the week, and as European investors wait anxiously for the announcement of a new stimulus package from the European Commission.

EU unveils unprecedented 750 bn euro recovery plan

European Union chief Ursula von der Leyen on Wednesday proposed a 750-billion-euro post-virus recovery fund for Europe but will have to win over sceptical member states to push it through.

EU’s Von der Leyen to unveil trillion-euro recovery plan

Brussels, Belgium | AFP |  European Union chief Ursula von der Leyen will on Wednesday propose a roughly one-trillion-euro post-virus recovery fund for Europe, but will have to win over sceptical member states. The global coronavirus outbreak has thrust the EU into its deepest ever recession, and Von der Leyen’s proposal will set out to help …

EU unveils unprecedented 750 bn euro recovery plan

European Union chief Ursula von der Leyen on Wednesday proposed a 750-billion-euro post-virus recovery fund for Europe, but will have to win over sceptical member states to push it through.

Russell Investments Group Ltd. Sells 9,634 Shares of First Industrial Realty Trust, Inc. (NYSE:FR)

Russell Investments Group Ltd. cut its stake in shares of First Industrial Realty Trust, Inc. (NYSE:FR) by 7.1% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 126,555 shares of the real estate investment trust’s stock after selling 9,634 shares during the quarter. Russell Investments […]

Russell Investments Group Ltd. Sells 40,321 Shares of AMN Healthcare Services, Inc. (NYSE:AMN)

Russell Investments Group Ltd. reduced its holdings in AMN Healthcare Services, Inc. (NYSE:AMN) by 36.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 69,520 shares of the company’s stock after selling 40,321 shares during the period. Russell Investments Group Ltd. owned approximately 0.15% […]

Russell Investments Group Ltd. Purchases 14,252 Shares of SPS Commerce, Inc. (NASDAQ:SPSC)

Russell Investments Group Ltd. boosted its position in SPS Commerce, Inc. (NASDAQ:SPSC) by 18.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 90,380 shares of the software maker’s stock after purchasing an additional 14,252 shares during the period. Russell Investments […]

PNC Financial Services Group Inc. Has $2.22 Million Stock Position in iShares MSCI Eurozone ETF (BATS:EZU)

PNC Financial Services Group Inc. decreased its stake in iShares MSCI Eurozone ETF (BATS:EZU) by 21.2% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 72,893 shares of the company’s stock after selling 19,604 shares during the quarter. PNC Financial Services Group Inc.’s holdings in […]

PNC Financial Services Group Inc. Raises Stake in Rio Tinto plc ADR (NYSE:RIO)

PNC Financial Services Group Inc. lifted its position in shares of Rio Tinto plc ADR (NYSE:RIO) by 9.5% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 45,286 shares of the mining company’s stock after purchasing an additional 3,938 shares during the quarter. PNC Financial Services Group […]

PNC Financial Services Group Inc. Has $1.75 Million Position in UGI Corp (NYSE:UGI)

PNC Financial Services Group Inc. lessened its stake in UGI Corp (NYSE:UGI) by 10.4% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 65,435 shares of the utilities provider’s stock after selling 7,588 shares during the quarter. PNC Financial Services Group Inc.’s holdings in UGI […]

Government furlough scheme now covers 8.4 million workers

At least 8.4 million workers are now covered by the government's furlough scheme, up from eight million a week earlier, the Treasury has confirmed. It comes as one million UK businesses have claimed £15 billion from the Government's Coronavirus Job Retention Scheme to cover workers' wages.

One million businesses claim £15bn from Government furlough scheme

HMRC said more than £6.8bn has been claimed via 2.3 million applications from those who are self-employed and unable to work.

One million businesses claim £15bn from Government furlough scheme

HMRC said more than £6.8bn has been claimed via 2.3 million applications from those who are self-employed and unable to work.

BMO reports Q2 profit down from year ago as provisions for credit losses rise

BMO Financial Group reported a second-quarter profit of $689 million, down from $1.5 billion a year ago, as it increased the amount set aside for bad loans due to the pandemic.

BMO, RBC Q2 profit down from a year ago as provisions for credit losses soar

Bank of Montreal and Royal Bank of Canada both revealed Wednesday that their second-quarter profits had fallen from a year ago amid surges in their provisions for credit losses -- money set aside to account for unpaid or 'bad' loans.

BMO reports Q2 profit down from year ago as provisions for credit losses rise

TORONTO — BMO Financial Group reported a second-quarter profit of $689 million, down from $1.5 billion a year ago, as it increased the amount set aside for bad loans due to the pandemic.

EU proposing £670bn recovery fund in response to coronavirus pandemic crisis

The EU Commission is proposing a 750 billion-euro recovery (£670bn) fund to help the bloc’s economy through the deep recession induced by the coronavirus pandemic, commissioner Paolo Gentiloni said. Mr Gentiloni, who is in charge of economic affairs at the EU’s executive body, confirmed the size of the fund in a tweet.

EU proposing £670bn recovery fund in response to pandemic crisis

Paolo Gentiloni’s announcement came amid divisions in the bloc.

EU proposing €750bn recovery fund in response to pandemic crisis

Paolo Gentiloni’s announcement came amid divisions in the bloc.

French political power couple lose appeal against money-laundering conviction

The Paris Court of Appeal on Wednesday found veteran right-wing politicians Patrick and Isabelle Balkany guilty of money-laundering and sentenced them both to jail, sealing the power couple’s fall fr…

French power couple lose money laundering appeal

A French political power couple lost their appeal Wednesday against a money laundering conviction, capping a fall from grace spurred by accusations they illegally pocketed millions of euros in public funds while in office.

French power couple lose money laundering appeal

PARIS, May 27 — A French political power couple lost their appeal today against a money laundering conviction, capping a fall from grace spurred by accusations they illegally pocketed millions of euros in public funds while in office. Patrick and Isabelle Balkany, right-wing politicians who for...

Rupee slips 8 paise to 75.74 against US dollar in early trade

The rupee depreciated 8 paise to 75.74 against the US dollar in opening trade on Wednesday as market participants were concerned about rising tensions between Washington and Beijing in the wake of

Rupee slips 8 paise to 75.74 against US dollar in early trade

The rupee opened weak at 75.72 at the interbank forex market and then fell further to 75.74, down 8 paise over its last close.

Ringgit strengthens against US dollar in early trade

KUALA LUMPUR, May 27 — The ringgit strengthened against the US dollar at the opening today on renewed buying interest amid stabilising oil prices, said an analyst. At 9.02am today, the local note was quoted at 4.3450/3600 compared with Friday’s close of 4.3610/3690. The market was closed on...

Lennie’s lockdown tunes hit fundraising target after delighting online followers

Eight-year-old Lennie Street, who has cerebral palsy and hydrocephalus, challenged himself to play 100 songs chosen by his supporters.

Lennie’s lockdown tunes hit fundraising target after delighting online followers

Eight-year-old Lennie Street, who has cerebral palsy and hydrocephalus, challenged himself to play 100 songs chosen by his supporters.

Lennie’s lockdown tunes hit fundraising target after delighting online followers

Eight-year-old Lennie Street, who has cerebral palsy and hydrocephalus, challenged himself to play 100 songs chosen by his supporters.

Companies Act 2013 Amended To Make PM CARES Eligible To Receive CSR Funding From Corporates

Now, corporates can fund the government under CSR activity. Gazette notification to this effect was released by the Narendra Modi government under which the PM CARES fund can receive funds from...

PM CARES now eligible to receive contribution under CSR; govt amends Act

The Ministry of Corporate Affairs (MCA) has allowed the CSR contributions by making changes to the Companies Act via notification dated May 26

Modi govt amends Companies Act, makes PM CARES eligible to receive CSR funds

The notification was brought in to make PM CARES fund eligible to receive CSR funding. It will be implemented with a retrospective effect and shall deem to have come into force on March 28. 

Hong Kong unrest worries curb global shares rally

TOKYO, May 27 — Unrest in Hong Kong over Beijing’s proposed national security laws weighed on global shares and oil prices today, offsetting optimism about the re-opening of the world economy. Riot police fired pepper pellets on protesters in Hong Kong’s main business district, rekindling...

Hong Kong unrest worries curb global shares rally

Unrest in Hong Kong over Beijing's proposed national security laws weighed on global shares and oil prices on Wednesday, offsetting optimism about ...

Hong Kong unrest worries curb global shares rally

Hong Kong unrest worries curb global shares rally

Apple to reopen about 100 US stores, most with curbside pickup

Apple Inc plans to reopen about 100 US stores, mostly with curbside pickup but some with walk-in service, the company said on Tuesday.

Apple to reopen about 100 more US retail stores this week

The company has already reopened locations across Australia, Canada, Austria, Germany, South Korea, Italy and Switzerland, and plans to start opening stores in Japan and Sweden this week.

Apple to reopen about 100 stores in US, most with curbside pickup

CUPERTINO, California: Apple Inc plans to reopen about 100 US stores, mostly with curbside pickup but some with walk-in service, the company said ...

Supermarkets see fastest sales jump in 26 years with online orders soaring

Kantar found that sales jumped 14.3% in the 12 weeks to May 17 in grocers, including the period of lockdown when restaurants, bars and pubs shut.

Supermarkets see fastest sales jump in 26 years with online orders soaring

Kantar found that sales jumped 14.3% in the 12 weeks to May 17 in grocers, including the period of lockdown when restaurants, bars and pubs shut.

Supermarkets see fastest sales jump in 26 years with online orders soaring

Kantar found that sales jumped 14.3% in the 12 weeks to May 17 in grocers, including the period of lockdown when restaurants, bars and pubs shut.

Using trousers to cover faces, making offers through the window and virtual viewings – here are some ways British homebuyers are figuring out the 'new normal', Business Insider - Business Insider Singapore

Business Insider - As the UK eases restrictions for estate transactions, participants must navigate a new world of PPE and social distancing during the process.. Read more at businessinsider.sg

Using trousers to cover faces, making offers through the window and virtual viewings – here are some ways British homebuyers are figuring out the 'new normal'

As the UK eases restrictions for estate transactions, participants must navigate a new world of PPE and social distancing during the process.

Using trousers to cover faces, making offers through the window and virtual viewings – here are some ways British homebuyers are figuring out the ‘new normal’

A shiny suit and a flashy car used to be the essential tools for estate agents, but now you are more likely to see them with hand sanitizer and a pair of latex gloves.

Bharti Telecom sells 2.75% stake in Airtel for INR 84 bln, to fully repay debt

Bharti Telecom, the promoter company of Indian operator Bharti Airtel, has sold a 2.75 percent stake in Bharti Airtel to institutional investors through an accelerated book building process in the secondary market. The allocation was done to over 50 accounts, with the top 10 getting two-thirds of the overall allocation. The total sale proceeds of over INR 84.33 billion (approximately USD 1.15 billion) was over-subscribed multiple times with a mix of all categories of investors, long only and hedge fund investors across geographies in India, Asia, Europe and the US, Bharti Telecom said. 

Bharti Telecom sells 2.75% stake in Airtel for INR 84 bln, to fully repay debt

Bharti Telecom, the promoter company of Indian operator Bharti Airtel, has sold a 2.75 percent stake in Bharti Airtel to institutional investors through an accelerated book building process in the secondary market. The allocation was done to over 50 accounts, with the top 10 getting two-thirds of the overall allocation. The total sale proceeds of over INR 84.33 billion (approximately USD 1.15 billion) was over-subscribed multiple times with a mix of all categories of investors, long only and hedge fund investors across geographies in India, Asia, Europe and the US, Bharti Telecom said. 

Bharti Telecom sells 2.75% stake in Airtel

Bharti Telecom has sold 2.75 percent stake in Airtel to institutional investors in the secondary market, raising over Rs 8,433 crore

Costa Rica latest country to legalize same-sex marriage

Daritza Araya and Alexandra Quirūs’ marriage was the first legal gay marriage in Costa Rica and it was streamed live on the internet.

Love has no gender: Costa Rica legalises same-sex marriage

Couples scheduled ceremonies - mostly private due to the COVID-19 pandemic, but some that would be broadcast - to celebrate their unions before judges and notaries after the ban was lifted at midnight

Costa Rica latest country to legalize same-sex marriage | Honolulu Star-Advertiser

SAN JOSE, Costa Rica >> Costa Rica became the latest country to legalize same-sex marriage early Tuesday when a ruling from its supreme court went into effect ending the country’s ban.

Boeing cuts 12,000 jobs, resumes production of grounded jet

Boeing is cutting more than 12,000 U.S. jobs through layoffs and buyouts as the coronavirus pandemic seizes the travel industry. And the aircraft maker says more cuts are coming.

Boeing cuts 12,000 jobs, resumes production of grounded jet

Boeing is cutting more than 12,000 U.S. jobs through layoffs and buyouts as the coronavirus pandemic seizes the travel industry. And the aircraft maker says more cuts are coming.

SC: Why no free Covid care at private hospitals? | India News

NEW DELHI: Amid reports of spiralling cost of Covid-19 patients’ treatment in private hospitals, the Supreme Court on Wednesday asked … SC: Why no free Covid care at private hospitals? | India News Read More »

SC: Why no free Covid care at private hospitals?

India News: NEW DELHI: Amid reports of spiralling cost of Covid-19 patients’ treatment in private hospitals, the Supreme Court on Wednesday asked the Centre why s.

Tax and the Pandemic Unemployment Payment: Your questions answered

The payment is taxed but you will not face a lump sum of a tax bill

Pandemic Unemployment Payment: Your questions answered

The payment is taxed but you will not face a lump sum of a tax bill

Lake Huron House / SAOTA

Completed in 2019 in Canada. Images by Adam Letch. This summer house is set on the banks of Lake Huron in a small, remote Canadian town about an hour’s drive from London, Ontario. While the...

Lake Huron House / SAOTA

Completed in 2019 in Canada. Images by Adam Letch. This summer house is set on the banks of Lake Huron in a small, remote Canadian town about an hour’s drive from London, Ontario. While the...

610 personnel earn more than the President as DPR paid ₦8 billion salary upfront in January

Data analysis by Dataphyte has shown the Department of Petroleum Resources (DPR) paid over 8 billion as salary upfront in January 2020.

DPR paid ₦8 billion salary upfront in January - Premium Times Nigeria

Data analysis by Dataphyte has shown the DPR paid over 8 billion as salary upfront in January 2020. This is according to the daily payment data published

Fevertree: Compounder For The Long-Term Investor

Fevertree shows outstanding performance compared to its close peers. An outsourced business model leads to high profit margins and returns on capital, and has a

Eaton Vance: Investment Manager For The Long Term

The investment management industry is under challenge due to investors' focus on passive products and unrelenting downward fee pressure. While investment manage

2021 Geneva Motor Show Might Be Canceled

The much-awaited Geneva Motor Show has been this year, but reports say that it might take another hit again in 2021 due to other threats.

Geneva Motor Show Might Not Return Until 2022

The 2020 Geneva Motor Show became one of the first high-profile automotive events to be canceled due to the...

Elgi Equipments to shut Chinese subsidiary on poor show

These factors prompted the company to wind up its China subsidiary, the company told the stock exchanges, without divulging further details.

Elgi Equipments to wind up Chinese subsidiary over economic downturn, Covid

The subsidiary is in the business of import, warehousing, selling and servicing. The winding-up activities are likely to begin shortly

WHO Creates Foundation to Boost Funding in Coronavirus Fight

Director General of the World Health Organization (WHO) Tedros Adhanom Ghebreyesus. (Reuters) WHO Director-General Tedros Adhanom Ghebreyesus denied the move … WHO Creates Foundation to Boost Funding in Coronavirus Fight Read More »

WHO Creates Foundation To Boost Funds In Fight Against COVID-19

The World Health Organization announced on Wednesday the creation of a foundation to tap new sources of funding that could help ease a potential cash shortage as it leads the global fight against the coronavirus pandemic.

Le Pain Quotidien Is Latest Food Chain To File For Bankruptcy

Le Pain Quotidien, the U.S. division of the Belgian bakery chain, has filed for bankruptcy protection.

Bakery chain Le Pain Quotidien files for bankruptcy

The US arm of Le Pain Quotidien, an upscale bakery chain known for its chocolate-filled pastries, on Wednesday filed for bankruptcy protection, a victim of coronavirus lockdowns that have idled

Dow soars 553 points on mounting optimism around a strong economic recovery

US stocks rose on Wednesday as investors were encouraged by signs that global authorities were taking measures to boost economies. The European ...

Dow soars 553 points on mounting optimism around a strong economic recovery

US stocks rose on Wednesday as investors were encouraged by signs that international authorities were taking measures to boost the global economy.

Chevron Corp sees up to 15% reduction in positions amid Covid-19 crisis

Most of the reductions will take place this year, according to an internal memo said.

Chevron sees up to 15% reduction in positions - memo

Chevron Corp expects a 10% to 15% reduction in positions across the company as part of restructuring efforts it started late last year, according to an internal memo seen by Reuters.

Consumers expect reduced income, intend to spend more on health products: Facebook-BCG report

Even though a large section of people in India expect their household income to reduce in the next six months, many are looking at higher spends on health and hygiene products in wake of the COVID-19

50% of consumers expect to increase ecommerce spends in the next one month: Facebook-BCG Report

The report also reveals how 43% consumers are expecting decrease in overall spend in the next six months

CBN reduces interest rate on OFIs facilities to 5% per annum

CBN has reduced interest rates on its facilities through participating OFIs to five percent per annum, effective March 1 due to COVID-19.

CBN reduces interest rate on OFIs facilities to 5% per annum

As part of its continued effort to mitigate the impact of the coronavirus (COVID-19) on households, businesses and regulated institutions...

Congress has yet to agree on the latest coronavirus relief package, so don't expect another stimulus check in June

Many Democratic lawmakers are pushing to send more stimulus checks to households, but it's unlikely to happen in June.

Congress has yet to agree on the latest coronavirus relief package, so don’t expect another stimulus check in June

Americans probably shouldn’t count on getting another coronavirus stimulus check in June.

SBI simplifies EMI moratorium process, starts notifying eligible borrowers via SMS

SBI on Wednesday said it has simplified the equated monthly instalment (EMI) deferment process for eligible borrowers who want to avail moratorium on term loan repayments. It has reached out to all

SBI gives covid relief, extends loan EMI moratorium; starts notifying borrowers via SMS

According to the PSU lender's press release, it has "proactively reached out to all of its eligible loan customers to obtain their consent to stop their Standing Instructions (SIs) / NACH mandate for the EMIs falling due in June, July and August 2020."

Lufthansa supervisory board unable to approve bailout package

Lufthansa's supervisory board was unable to approve a 9-billion euro (US$9.90 billion) bailout in light of conditions imposed by the European ...

Lufthansa supervisory board postpones approval of bailout package

Lufthansa's supervisory board was unable to approve a 9-billion euro (US$9.90 billion) bailout in light of conditions imposed by the European ...

Lufthansa board rejects EU conditions on US$10 bln bailout

German airline Lufthansa's supervisory board on Wednesday rejected conditions imposed by Brussels on a proposed government bailout, casting fresh ...

Lufthansa board rejects EU conditions on $10 billion bailout

By Arno Schuetze and Ilona Wissenbach FRANKFURT (Reuters) - Lufthansa's $10 billion government bailout was thrown into doubt on Wednesday after the German airline's supervisory board refused to accept the conditions attached by Brussels. The board, which had been expected to sign off on the aid, instead refused EU requirements that Lufthansa permanently give up take-off and landing slots at Frankfurt and Munich airports, where it commands a two-thirds market share. The bailout plan nevertheless remains

Piyush Goyal asks industry to start working for post-COVID period; says worst for economy is over

The minister said that "worst for the economy is over. Things are looking up, and revival is in the air".

Piyush Goyal asks industry to start working for post-Covid period; says worst for economy is over

India Business News: Commerce and industry minister Piyush Goyal on Wednesday asked the industry to start working for the post-COVID period with good ideas and firm implem

The best places to buy beer online, from local delivery services to monthly subscriptions

Buying beer online can be tricky. While availability varies from state to state, here are the services we recommend.

The best places to buy beer online, from local delivery services to monthly subscriptions

Going out to buy beer – or anything – right now is an exercise in risk calculation. How many people are you bound to encounter, and how many times are you likely to breach two yards of separation? If you live in a densely-populated area, popping into your local liquor store or supermarket isn’t the simplest task – especially on the weekends.

Kenney says targeted approach needed to prevent COVID-19 resurgence

Premier Jason Kenney says Alberta has been among the world leaders in staunching the spread of the COVID-19 pandemic, but at a staggering financial cost the province cannot afford to repeat should there be a second wave.

Alberta’s Jason Kenney says targeted approach needed to prevent COVID-19 resurgence

Kenney says the key to prevention will be ramped up testing, border screening and a focus on the protecting the highest risk group – seniors and those with underlying conditions

A car-rental company previously owned by Hertz just filed for bankruptcy for the third time since 2008

The intertwined stories of Hertz and Advantage reveal how dozens of financial and strategic blunders sank both firms into massive debt.

A car-rental company previously owned by Hertz just filed for bankruptcy for the third time since 2008

A former subsidiary of Hertz just went bankrupt, claiming more than $500 million in debt.

BlackRock votes to split CEO, chairman roles at Exxon Mobil

HOUSTON (Reuters) - Top fund manager BlackRock Inc on Wednesday said it cast an advisory vote in favor of an independent chairman at Exxon Mobil Corp and cast votes against the reelection of two directors over the company's approach to climate risks.

BlackRock says voted to split CEO, chairman roles at Exxon Mobil

HOUSTON (Reuters) - Top fund manager BlackRock Inc on Wednesday said it cast an advisory vote in favor of an independent chairman and against the reelection of two directors at Exxon Mobil Corp over the company's approach to climate risks. Exxon shareholders on Wednesday rejected all four shareholder resolutions with none getting more than 38% of the votes cast. The independent chairman proposal fell with 32.7% in favor of an appointment when the next chief executive is named.

Economists expect another 2.1 million Americans filed for unemployment insurance last week

The falling rate of weekly claims suggest the US is "well beyond the peak of inflows into unemployment," said Deutsche Bank economist Justin Weidner.

Economists expect another 2.1 million Americans filed for unemployment insurance last week

Millions of Americans are still filing for unemployment insurance on a weekly basis, even after many states begin to open their economies from lockdowns to contain COVID-19.

Star Bulk Carriers Corp. (SBLK) CEO Petros Pappas on Q1 2020 Results - Earnings Call Transcript

Star Bulk Carriers Corp. (NASDAQ:SBLK) Q1 2020 Earnings Conference Call May 27, 2020 11:00 AM ET Company Participants Petros Pappas - Chief Executive Officer Ha

Petropavlovsk PLC (PPLKF) CEO Pavel Maslovskiy on Q4 2019 Results - Earnings Call Transcript

Petropavlovsk PLC (OTC:PPLKF) Q4 2019 Results Earnings Conference Call May 27, 2020, 03:30 AM ET Company Participants Patrick Pittaway - Head of Investor Relati

Reopening California: 46 more DMV field offices to reopen on Thursday

The DMV has announced it is reopening 46 more field offices to the public on Thursday. Those offices will be able to help customers with appointments and with limited transactions that require an in-person visit.

Reopening California: 46 DMV field offices resume operations after being temporarily shuttered amid pandemic

The DMV has reopened 46 more field offices to the public on Thursday. Those offices will be able to help customers with appointments and with limited transactions that require an in-person visit.

Federal lawsuits against East Texas ‘sanctuary cities for unborn’ dropped by ACLU

A lawsuit brought by the American Civil Liberties Union on behalf of two reproductive rights groups against seven East Texas cities has been dropped after changes were made to local ordinances.

Federal lawsuits against East Texas ‘sanctuary cities for unborn’ dropped by ACLU

A lawsuit brought by the American Civil Liberties Union on behalf of two reproductive rights groups against seven East Texas cities has been dropped after changes were made to local ordinances.

Unemployment will be higher in the US than in other advanced economies through 2021, Goldman says

A lack of stricter job-preservation policies and expanded unemployment benefits will prolong the US's labor-market recovery, Goldman economists said.

Unemployment will be higher in the US than in other advanced economies through 2021, Goldman says

Lasting fallout in the US labor market will keep the unemployment rate higher than in peer countries for more than a year, Goldman Sachs economists said in a Tuesday note.

House 1559/36 D / Studio Ardete

Completed in 2018 in Chandigarh, India. Images by Purnesh Dev Nikhanj. The House 1559/36D is 836 sqm residential project in one of the privileged locations of Chandigarh flanked with green belt on one side and a view to...

House 1559/36 D / Studio Ardete

Completed in 2018 in Chandigarh, India. Images by Purnesh Dev Nikhanj. The House 1559/36D is 836 sqm residential project in one of the privileged locations of Chandigarh flanked with green belt on one side and a view to...

COVID-19 recoveries in Ethiopia increases to 181

The Ministry indicated that the number of recovered people has increased after 14 patients have recovered today. The ministry has also reported 30 new coronavirus (COVID-19) cases today after laboratory tests for 4,353 people. The new figure has increased the total number of coronavirus cases to 731.So far six people have also lost their lives by the virus in Ethiopia.

Aussie dollar shines in COVID-19 recovery

Increased economic optimism, higher commodity prices and rebounding equity markets have made the Australian dollar one of the world's best-performing currencies.

Here's why 3 Wall Street analysts just boosted their Apple price targets

All three analysts see Apple stock gaining further this year, moving past the impact of the coronavirus pandemic on the tech giant.

Here’s why 3 Wall Street analysts just boosted their Apple price targets

A slew of Wall Street analysts boosted their Apple price targets this week, citing increased demand for iPhones, store reopenings, and services as reasons that the tech giant is poised to gain.

First Mutual Life records investment loss

First Mutual Life Holdings Limited has recorded an investment loss amounting to $392,8 million in the full year ended December 31, 2019 due to a decrease in value of equities listed on the stock exchange.

First Mutual Life records investment loss

FIRST Mutual Life Holdings Limited has recorded an investment loss amounting to $392,8 million in the full year ended December 31, 2019 due to a decrease in value of equities listed on the stock exchange. In a statement accompanying financial results for the period under review, the group indicated that its total assets also declined by two percent compared to December 31, 2018. “The group had an investment loss of $392,8 million for the period under review compared to investment income of $207 million in 2018. “The loss was driven by decline in value on ZSE (Zimbabwe Stock Exchange) listed equities as the market index grew at a slower rate than inflation,” said the group. It attributed the decline in total assets to the loss of value on listed equities, the Zimbabwe dollar denominated bank balances and accounts receivables.

VMware's Velchamy Sankarlingam to join Zoom as head of engineering unit

Sankarlingam will oversee the company's engineering, product, and dev ops teams .

Zoom Video names Indian-origin Velchamy Sankarlingam as president of engineering and product

Sankarlingam comes to Zoom after more than nine years at VMware, where he was most recently Senior Vice President, Cloud Services Development and Operations. Reporting directly to Zoom CEO Eric S. Yuan, Sankarlingam will oversee the companys engineering, product, and dev ops teams.

Is India's richest man Mukesh Ambani betting on US-China tech war?

US-traded Chinese technology firms such as JD.com and NetEase are looking for an alternative home closer to the mainland in case tensions between Washington and Beijing escalate

Mukesh Ambani's Jio listing can profit from US-China tech war

Will Wall Street be so hospitable as to give Ambani, say, a $100 billion valuation?

The best smartphone deals in May so far — save $200 on Apple's iPhone SE

There are sales and discounts on a bunch of smartphones from the top four phone makers in the US, like Apple, Samsung, Google, and OnePlus.

The best smartphone deals in May so far — save $200 on Apple’s iPhone SE

Smartphone price tags are crazy these days, so finding a solid deal that scrapes a bit – or a lot – off the top can be helpful to anyone.

Von Der Leyen: Europe's next generation will benefit from rescue deal

European Commission president tells Euronews that the massive stimulus package is 'Europe's moment'.

Von der Leyen seeks to rally Europe behind ‘next generation’ recovery plan

European Commission president to pitch for a huge increase in spending power

White House organizes harassment of Twitter employee as Trump threatens company

The Twitter employee is now facing death threats.

Here’s how Twitter has lobbied on free-speech issues as Trump threatens company

Twitter and President Trump are generating headlines over a dispute tied to social networks’ attempts to moderate what users post, but it’s hardly the first...

Climate-friendly almond farmers coax life from drying Spanish soil

In one of the driest corners of Europe, Manuel Barnes has watched the soil become healthier since he started growing almonds using techniques ...

Climate-friendly almond farmers coax life from drying Spanish soil

ZUJAR, Spain (Reuters) - In one of the driest corners of Europe, Manuel Barnes has watched the soil become healthier since he started growing almonds using techniques aimed at bringing new life to the land.

US mortgage applications rise for sixth straight week

WASHINGTON: U.S. applications for home mortgages jumped last week, in a sixth straight weekly increase, suggesting the housing market could lead ...

U.S. mortgage applications rise for sixth straight week

U.S. mortgage applications rise for sixth straight week

Why US energy CEOs will get big payouts despite oil meltdown

National Oilwell Varco Inc (NOV) has had a rough few years: Since 2017, the Houston company, whose drilling equipment is in major oilfields ...

Why U.S. energy CEOs will get big payouts despite oil meltdown

BOSTON/NEW YORK (Reuters) - National Oilwell Varco Inc (NOV) has had a rough few years: Since 2017, the Houston company, whose drilling equipment is in major oilfields worldwide, has lost two-thirds of its value, costing shareholders a combined $9 billion.

Japan's new stimulus package to be worth ¥117.1 tril

Japan will compile a new 117.1 trillion yen ($1.1 trillion) stimulus package that includes significant direct spending, to stop the coronavirus pandemic pushing the world's third-largest economy deeper into recession, a budget draft seen by Reuters showed on Wednesday. The stimulus, which will be funded partly by a second extra…

Japan’s new stimulus package to be JPY117.1 trillion – Bloomberg

Citing a document outline the additional stimulus budget, Bloomberg reports that Japan’s new package is likely to be JPY117.1 trillion. more to come .

I'm innocent of allegations against me, says AfDB Chief Adesina

President of the African Development Bank (AfDB), Akinwumi Adesina has denied allegations of “breaches of the Code of Conduct of Elected...

EXCLUSIVE: AfDB 'whistleblower' allegations against me false -- Adesina

The president of the African Development Bank Group (AfDB), Akinwumi Adesina, told the bank's ethics committee that allegations of impropriety...

Battle ahead for EU’s massive virus recovery plan

Brussels, Belgium | AFP | European Union chief Ursula von der Leyen on Wednesday proposed a 750-billion-euro post-virus recovery fund for Europe and urged sceptical member states to back it. The global coronavirus outbreak has already thrust the EU into its deepest ever recession, and Von der Leyen’s proposal would help the worst affected countries. But …

Battle ahead for EU's massive virus recovery plan

If passed, this proposal would be the biggest European Union stimulus package in history. But Germany predicts talks would drag on until the end of 2020.

Postmedia to lay off about 40 employees after unions reject salary cuts

Postmedia Network Canada Corp. says it will lay off about 40 employees after a number of its unions did not approve a temporary salary reduction to help reduce costs amid the COVID-19 pandemic.

Postmedia to lay off about 40 employees after unions reject salary cuts

TORONTO — Postmedia Network Canada Corp. says it will lay off about 40 employees after a number of its unions did not approve a temporary salary reduction to help reduce costs amid the COVID-19 pandemic.

PMLA court sends Wadhawan brothers to judicial custody till June 11

Kapil Wadhawan and Dheeraj Wadhawan, promoters of Dewan Housing Finance Limited (DHFL), were produced before a special Prevention of Money Laundering Act (PMLA) court by the Enforcement Directorate on

Yes Bank : ED sends DHFL promoters to 14-day judicial custody till June 11

The court sent them to jail after no further remand was sought by the central investigating agency

Golden Ocean Group Limited (GOGL) CEO Ulrik Andersen on Q1 2020 Results - Earnings Call Transcript

Golden Ocean Group Limited (NASDAQ:GOGL) Q1 2020 Earnings Conference Call May 27, 2020 09:00 AM ET Company Participants Ulrik Andersen - CEO Per Heiberg - CFO T

Golden Ocean Group Limited 2020 Q1 - Results - Earnings Call Presentation

The following slide deck was published by Golden Ocean Group Limited in conjunction with their 2020 Q1 earnings call.

Ralph Lauren Remains on Offense in COVID-19 Crisis

The coronavirus shutdown in the U.S. caught the tail end of the company’s fiscal fourth quarter, pushing sales down 15 percent.

Ralph Lauren Sales Slip In COVID-19 Crisis

The coronavirus shutdown in the U.S. caught the tail end of the company’s fiscal fourth quarter, pushing sales down 15 percent.

UCO Bank slashes lending rate by 40 basis points, MSME loans to get cheaper

The government expects banks to reduce lending rates, which is required to kick start the economy hit hard by the coronavirus-forced lockdown, among other factors

UCO Bank slashes lending rate by 40 basis points

The government expects banks to reduce lending rates, which is required to kick start the economy hit hard by the coronavirus-forced lockdown, among other factors.

Latest GE sale extinguishes lightbulb business

General Electric is getting out of the light bulb business, shedding a foundational enterprise from the days of Thomas Edison, the company announced Wednesday.

GE switches off light bulb business after almost 130 years

GE started with lighting, but today it’s more of an “industry and debt” firm.

South Bengal severely impacted by COVID-19 and Amphan

While the virus took away wages sent home by migrants, the cyclone has destroyed sharecroppers’ paddy

South Bengal ruinously impacted by COVID-19 and Amphan

COVID-19 took away wages sent home by migrants, Amphan has destroyed sharecroppers’ paddy and vegetables

Too much TV? Enter HBO Max, the latest streaming wannabe

Is a pandemic the perfect time to launch a new and relatively expensive streaming service? AT&T sure hopes so.The phone company is investing billions in

Too much TV? Enter HBO Max, the latest streaming wannabe

Is a pandemic the perfect time to launch a new and relatively expensive streaming service? AT&T sure hopes so.

In Spain, food aid queues grow as poverty outpaces 2008 crisis

Accepting food handouts for the first time has become reality for thousands in Spain where poverty has soared during the epidemic, echoing the 2008 crisis from which many have barely recovered. 

In Spain, food aid queues grow as poverty outpaces 2008 crisis

MADRID, May 27 — Accepting food handouts for the first time has become reality for thousands in Spain where poverty has soared during the epidemic, echoing the 2008 crisis from which many have barely recovered. Jacqueline Alvarez, 42, is picking up basic foodstuffs in the working-class...

Nevada gig workers unable to have unemployment claims reviewed until Monday

The Alorica call center tasked with helping gig workers file for unemployment insurance benefits is still open for business, but filers will not be able to connect with an adjudicator until Monday.

Nevada call center for gig worker unemployment claims down until June 1

The Alorica call center tasked with helping independent contractors and self-employed workers with filing for unemployment insurance benefits appears to have temporarily stopped taking calls.

NTPC eyes majority stake in Delhi distribution cos.

Plans to enter distribution business

NTPC to foray into distribution, keen to buy majority stake in BRPL, BYPL

This assumes significance because NTPC is primarily power generation company.

Moderna falls 20% amid reports that insiders have sold $89 million in shares this year as the stock has spiked

Moderna dropped as much as 20% on Wednesday amid a report from Stat News that insiders at the biotech company have liquidated $89 million in sto...

Moderna falls 20% amid reports that insiders have sold $89 million in shares this year as the stock has spiked (MRNA)

Moderna dropped as much as 20% on Wednesday amid a report from StatNews that insiders at the biotech company have liquidated $89 million in stock so far in 2020.

Sensex rises 1,000 points as banking stocks shine

Axis Bank leads pack with 13.46% gain

Sensex settles nearly 1,000 points higher, Nifty ends at 9,315 led by banking, financial stocks

The S&P BSE Sensex surged 995.92 points (3.25 per cent) to settle at 31,605.22, while the broader Nifty 50 ended at 9,314.95, up 285.90 points (3.17 per cent).

India’s worst recession is here

New Delhi, May 27: Indias fourth recession since Independence, first since liberalisation, and perhaps the worst to date is here, according to rating agency, Crisil.

India’s worst recession is here, says Crisil

CRISIL also foresees economic activity in states with high Covid-19 cases to suffer prolonged disruption as restrictions could continue longer.

Breaking: No more evacuation of stranded Nigerians abroad for now — FG

Federal Government has on Wednesday said that it has stopped evacuating stranded Nigerians abroad. Giving Geoffrey Onyeama,

COVID-19: FG suspends evacuation of Nigerians abroad

The federal government has suspended further evacuation of Nigerians stranded abroad over the COVID-19 pandemic.The federal governmen

EU pledges 40 billion euros for 'just transition' from fossil fuels

BRUSSELS (Reuters) - The European Commission has increased five-fold its proposed European Union fund to wean carbon-intensive regions off fossil fuels, with fresh cash from a new recovery fund to help Europe’s ailing economies rebound after the new coronavirus pandemic.

EU pledges €40b for ‘just transition’ from fossil fuels

BRUSSELS, May 27 — The European Commission has increased five-fold its proposed European Union fund to wean carbon-intensive regions off fossil fuels, with fresh cash from a new recovery fund to help Europe’s ailing economies rebound after the coronavirus pandemic. Countries are already...

Amazon provides free COVID-19 health insurance for its sellers

Amazon has partnered with Acko General Insurance (Acko) to manage the policy delivery and handling of claims and reimbursements.

Amazon India to provide free Covid-19 health insurance to sellers

India Business News: Amazon India on Wednesday said it will provide free Covid-19 health insurance to its sellers in the country to help cover expenses around hospitalisat

French economy making 'cautious' virus lockdown recovery

Economic activity in France is making a clear if cautious recovery after lockdown measures were relaxed earlier this month but the country is still heading for a roughly 20 percent contraction this quarter, the national statistics agency said Wednesday.

French economy making 'cautious' virus lockdown recovery

A return to normal will likely take many months, warns France's national statistics agency

CME Group Launches Options on Micro E-Mini Futures Product

The new options will be available for trading in the fall of 2020, pending regulatory review

CME Group Launches Options on Micro E-Mini Futures Product

The new options will be available for trading in the fall of 2020, pending regulatory review

COVID-19: EU aims to back struggling south with fiscal shock and awe

Blueprint will form central plank of EU’s response to coronavirus pandemic’s impact

EU Aims to Back Struggling South With Fiscal Shock and Awe

The European Commission unveiled an unprecedented stimulus plan to tackle the worst recession in living memory and underwrite struggling Italy’s membership of the 27-nation bloc.

IndiGrid Q4 results: Net profit doubles to Rs 99.7 crore

Revenues for the quarter increased to Rs 328.4 crore from Rs 170.5 crore in Q4 FY2019.

IndiGrid Q4 net profit doubles to Rs 99.7 crore

Revenues for the quarter increased to Rs 328.4 crore from Rs 170.5 crore in Q4 FY2019, mainly on the back of value accretive acquisitions made by the infrastructure investment trust (InvIT) during the fiscal.

Seeking nominations for the top women transforming the sneaker industry, from designers to resellers

Business Insider is putting together a power list of the top female-identifying designers and professionals who are transforming the sneaker industry.

Seeking nominations for the top women transforming the sneaker industry, from designers to resellers

From designers to developers, women are making their voices heard in the multi-billion dollar sneaker industry, which has been known to often exclude female creatives and fans.

7 charts that show the silver linings of an otherwise horrible pandemic, from people saving more to the cleanest air in decades

From cheaper cars and houses to cleaner air and better financial decisions, there are some glimmers of hope amid the gloom.

7 charts that show the silver linings of an otherwise horrible pandemic, from people saving more to the cleanest air in decades

By all measures, the coronavirus pandemic has crippled the United States economy: Unemployment is at record highs, lines for food banks circle entire city blocks, and the rate of business bankruptcies has accelerated.

A 'capital war' is accelerating between the US and China, and the coronavirus pandemic is only making it worse, according to one investor

"We're in a world where capital wars matter," Michael Howell, CEO of Crossborder Capital, said in a Tuesday interview with CNBC.

A ‘capital war’ is accelerating between the US and China, and the coronavirus pandemic is only making it worse, according to one investor

The coronavirus pandemic has accelerated a trade, technology, and capital war between the US and China, according to Michael Howell, CEO of CrossBorder Capital.

European Commissions unveils €750-billion recovery plan

The European Commission proposed a €750-billion aid package to help Europe’s economic recovery from the fallout of the coronavirus pandemic on Wednesday

EU Commission: European recovery plan and next long-term budget to use €1.85 trillion

The European recovery plan and the next long-term budget will use €1.85 trillion to kick-start the EU economy, Reuters reported on Wednesday, citing t

Dow climbs 350 points as investors cheer efforts to boost global economies

US stocks rose on Wednesday as investors were encouraged by signs that global authorities were taking measures to boost economies. The European ...

Dow climbs 325 points as investors cheer efforts to boost global economies

US stocks rose Wednesday as investors were encouraged by signs that international authorities are taking measures to boost the global economy.

Euro zone economy to shrink between 8% and 12% this year: Christine Lagarde

Lagarde said the actual outcome would be between the "medium and "severe" scenarios

ECB’s de Guindos: Euro area economy to shrink between 8% and 12% in 2020

The European Central Bank (ECB) Vice President Luis De Guindos said on Wednesday, the Euro area economy is expected to shrink between 8% and 12% in 20

‘Mothership’ office on horizon but don't write off London, says Canary Wharf boss

LONDON, May 27 — The coronavirus crisis is accelerating a move to a new type of office which will be more of a “mothership” model with people working from multiple locations, though it is too early to write off mega cities such as London, Canary Wharf’s manager said. As well as causing more...

'Mothership' office on horizon but don't write off London: Canary Wharf

'Mothership' office on horizon but don't write off London: Canary Wharf

Examinership case hears of 14 'credible' expressions of interest in firm behind Joe.ie

An examiner has been appointed by the High Court to come up with a survival plan for a digital media company behind Joe.ie.

Court hears 14 ‘credible’ expressions of interest in Joe.ie company

Examiner appointed to Maximum Media Network

S&P/TSX composite down as materials sector falls, U.S. stocks mixed

TORONTO — Canada's main stock index was down in late-morning trading as strength in the financial sector couldn't offset broad-based weakness on the Toronto Stock Exchange led by the materials sector. The S&P/TSX composite index was down 139.

S&P/TSX composite down as materials sector falls, U.S. stocks mixed

Canada's main stock index recovered from early trading weakness Wednesday to move to its highest closing in nearly three months on the strength of the heavyweight financials sector.

See Dubai gradually reopening as COVID-19 restrictions are eased

People back in eateries, malls, gyms and offices in Dubai with social distancing in mind

COVID-19 response: DIFC to gradually reopen businesses from Wednesday

Offices and retail outlets will operate with certain restrictions and health protocols

NerdWallet: Looking for safer ways to pay? Go contactless

Breaking old habits of forking over cash or swiping a credit card may be challenging, but contactless payments themselves are easy to use and may even help slow the spread of the coronavirus.

NerdWallet: Looking for safer ways to pay? Go contactless

Breaking old habits of forking over cash or swiping a credit card may be challenging, but contactless payments themselves are easy to use and may even help slow the spread of the coronavirus.

'It's outrageous': inside an infuriating Netflix series on Jeffrey Epstein

Jeffrey Epstein: Filthy Rich synthesizes legal information with first-person testimony of the billionaire’s abuse and bought immunity into a shocking watch

'It's outrageous': inside an infuriating Netflix series on Jeffrey Epstein

Jeffrey Epstein: Filthy Rich synthesizes legal information with first-person testimony of the billionaire’s abuse and bought immunity into a shocking watchIt’s difficult to watch Jeffrey Epstein: Filthy Rich, a four-hour Netflix series on the now-deceased convicted sex offender without a choking sense

Debt downgrades can push India bank fund raising to $20 billion

A legacy of bad loans, a shadow banking implosion and a historic bank bailout in March have left Indian lenders weakened coming into the coronavirus lockdown.

Debt downgrades can push India bank fund raising to $20 billion

State-run banks will need $13 billion from the government to recapitalize.

EU to Propose €750bn Covid Recovery Package to Tackle 'Unprecedented Crisis'

The plan comes as the 27-member bloc faces the prospect of a deep EU-wide recession. Nearly all member states have breached EU deficit limits as they have rushed to...

EU to propose €750bn Covid-19 recovery package

Ireland in line for grants of €1.9bn in scheme weighted by how badly economies have been hit

MP Raj Bhavan declared COVID-19 containment zone as 6 test +ve

Raj Bhavan sources said that after the first case of COVID-19 was found at the Raj Bhavan a couple of days back, the sample of Governor Lalji Tadon was also collected for testing. The collector's order said that six COVID-19 cases were found in the employees' quarters inside the Raj Bhavan, which is located under Jahan

Coronavirus in Mira-Bhayandar: List of COVID-19 containment zones shared MBMC on May 27

With detection of 1,002 new cases on Tuesday, the number of the people infected by coronavirus reached to 32,791 in Mumbai.

Wharton professor Jeremy Siegel lays out why a record-high stock market in 2020 remains 'a real possibility'

The stock market can still set new record highs in 2020 thanks to fresh risk-on attitude and the Federal Reserve's stimulus, Wharton finance pro...

Wharton professor Jeremy Siegel lays out why a record-high stock market in 2020 remains 'a real possibility', Business Insider - Business Insider Singapore

Business Insider - Fresh risk-on attitude and the Fed's lending efforts can drive a strong rally as long as a second wave of COVID cases is avoided, Siegel said.. Read more at businessinsider.sg

10-15% moderation in salaries not to impact lending practice: HDFC Bank

If the corporates are looking at moderation in salaries or in the increments, the same needs to be watched carefully from a prudential perspective, said the bank's country head for retail lending

10-15% moderation in salaries not to impact lending practice: HDFC Bank

A pent-up demand for vehicles and social distancing needs, coupled with the introduction of digital inputs to manage customer journey by banks will lead to a faster uptick in auto sales, which were sagging before the lockdown and came to a standstill in the last two months, the bank's country head for retail lending Arvind Kapil said.

Torstar shares climb after privatization deal with NordStar Capital

TORONTO — Shares of Torstar Corp. jumped more than 50 per cent in early trading after the media giant struck a $52-million deal to be bought by a firm operated by two Canadian businessmen.

Media company Torstar to go private after sale to NordStar Capital in $52M deal

NordStar Capital LP, a private firm owned by businessmen Paul Rivett and Jordan Bitove, plans to take Torstar private

Reliance Industries Rights Entitlement shares jump 11% on Day 5 on high volumes

With just two more trading sessions to go, the de-materialised trading of Reliance Industries Ltd - Rights Entitlement (RIL-RE) on Wednesday closed with a 11 percent gain over the previous day

RIL RE price jumps 11% on Day 5 on high volumes

RIL-RE closed at Rs 201.5, a gain of 11 per cent over Tuesday's close, after touching an intra-day high of Rs 209.90.

Investor wealth surges by Rs 2 lakh crore as markets rally

India Business News: Investor wealth surged by Rs 2,01,549.38 crore on Wednesday following a rally in the broader market. The 30-share BSE Sensex settled 995.92 points or

Investor wealth surges by Rs 2 lakh crore as markets rally

Led by the rally in equity market, the market capitalisation of BSE-listed companies soared Rs 2,01,549.38 crore to Rs 1,23,62,539.79 crore.

From boom to bottom: Renault and Nissan bet on deeper cooperation

As Renault, Nissan and junior partner Mitsubishi repair their alliance, they are under pressure to recover from two years of falling vehicle sales, a problem exacerbated by the coronavirus pandemic

Timeline: From boom to bottom: Renault and Nissan bet on deeper cooperation

(Reuters) - Renault SA (RENA.PA), Nissan Motor Co (7201.T) and Mitsubishi Motors have no plans to merge and will instead focus on a new production sharing plan to cut costs and improve efficiency, Chairman Jean-Dominique Senard said on Wednesday.

NSW freezes public service pay to save $3 billion in pandemic

The NSW government will freeze pay rises for public sector workers for 12 months, as it deals with rising unemployment due to the coronavirus pandemic.

$3b saved as NSW public service pay frozen

NSW is freezing pay increases for 410,000 public servants for a year and will use the $3 billion in savings for job creation and recovery.

EU plans a record-breaking $826 billion stimulus package to soothe Europe's economic pain from the coronavirus

The European Commission on Wednesday proposed a €750 billion (about $826 billion) stimulus package to help the European Union recover from ...

The EU plans a record-breaking new stimulus package of $826 billion to soothe Europe’s economic pain from the coronavirus

The European Commission unveiled a planned deployment of 750 billion euros ($826 billion) on Wednesday as part of its new long-term budget and recovery plan to help fight the impact of the coronavirus on the continent’s economy.

Amazon and other stay-at-home stocks are starting to stall. They may hold the key to the market, strategist says.

While value and small caps are starting to recover, the stay-at-home stocks are starting to lose steam. One strategist is concerned.

Amazon and other stay-at-home stocks are starting to stall. They may hold the key to the market, strategist says.

While value and small caps are starting to recover, the stay-at-home stocks are starting to lose steam. One strategist is concerned.

Oman to lift lockdown on Muscat from Sunday

As per the new decisions, public sector employees will resume work gradually

Oman to lift lockdown on Muscat from Friday

As per the new decisions, public sector employees will resume work gradually

France GDP could fall 'around 20%' in second quarter: Statistics agency

France's economy could contract by around 20 per cent in the second quarter as lockdown measures meant to slow the spread of the coronavirus slashed activity, the national statistics agency INSEE

France GDP could fall 'around 20pc' in second quarter, statistics agency says

PARIS, May 27 — France's economy could contract by around 20 per cent in the second quarter as lockdown measures meant to slow the spread of the coronavirus slashed activity, the national statistics agency Insee said today. It said that the French economy was currently running “at roughly...

Oppenheimer Asset Management Inc. Raises Position in Amdocs Limited (NASDAQ:DOX)

Oppenheimer Asset Management Inc. boosted its stake in Amdocs Limited (NASDAQ:DOX) by 40.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,343 shares of the technology company’s stock after buying an additional 2,680 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings […]

Oppenheimer Asset Management Inc. Buys Shares of 6,823 Cimpress NV (NASDAQ:CMPR)

Oppenheimer Asset Management Inc. bought a new stake in shares of Cimpress NV (NASDAQ:CMPR) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund bought 6,823 shares of the business services provider’s stock, valued at approximately $363,000. Several other institutional investors have also modified their holdings of […]

Volkswagen India introduces leasing, flexible financing options to drive sales amid COVID-19

The Volkswagen Secure and Power Lease initiatives provide customers the power and independence to purchase their favourite Volkswagen in a hassle-free, contactless and digitalised manner, Volkswagen Passenger Cars India Director Steffen Knapp said.

Volkswagen India introduces leasing, flexible financing options to drive sales amid COVID-19

Under its omni-channel mobility solutions, the company has integrated 'Power Lease' -- a 'pay-for-usage' model complete with zero down payment scheme -- with Volkswagen Secure which allows customers to purchase a Vento or a Tiguan Allspace model with flexible down payment and low EMI, including insurance coverage for a tenure of three or four years.

Navient Corp (NASDAQ:NAVI) Shares Sold by Aigen Investment Management LP

Aigen Investment Management LP trimmed its position in Navient Corp (NASDAQ:NAVI) by 57.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 28,722 shares of the credit services provider’s stock after selling 38,583 shares during the quarter. Aigen Investment Management LP’s holdings in Navient […]

1,927 Shares in Liberty Broadband Corp Series C (NASDAQ:LBRDK) Acquired by Aigen Investment Management LP

Aigen Investment Management LP purchased a new position in Liberty Broadband Corp Series C (NASDAQ:LBRDK) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,927 shares of the company’s stock, valued at approximately $213,000. Several other institutional investors also recently […]

Aigen Investment Management LP Purchases Shares of 15,169 NCR Co. (NYSE:NCR)

Aigen Investment Management LP purchased a new stake in shares of NCR Co. (NYSE:NCR) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 15,169 shares of the information technology services provider’s stock, valued at approximately $268,000. A number of other institutional investors have also made […]

Aigen Investment Management LP Grows Stake in Steelcase Inc. (NYSE:SCS)

Aigen Investment Management LP increased its stake in Steelcase Inc. (NYSE:SCS) by 13.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,831 shares of the business services provider’s stock after acquiring an additional 2,639 shares during the period. […]