Economy 1745
Tasting Australia Will Not Go Ahead in 2020
Originally shelved until October, the state’s biggest food and drink festival will now return in autumn 2021.
Trump signs an executive order about social media platforms
Days after Twitter added 'fact check' to two of US President Donald Trump tweets, calling them 'potentially misleading', the latter has signed an executive order about social media platforms. The order is aimed at limiting the broad legal protections enjo
French carmaker Renault announces 15,000 job cuts worldwide
Struggling French carmaker Renault on Friday announced 15,000 job cuts worldwide as part of a 2 billion-euro cost-cutting plan over three years. Renault said on Friday that nearly 4,600 jobs will be cut in France in addition to more than 10,000 in the rest of the world. The group's global
MCD unlikely to resume property tax collection from June 1
The Municipal Corporation of Dehradun (MCD) will not resume property tax collection from June 1. The tax section of the corporation was closed for the public since the middle of March due to Covid-19 pandemic due to which many property tax payers of the city have not submitted their property
Paying school fee in times of job losses triggers hopelessness
A letter to Prime Minister Narendra Modi written by a city-based resident requesting him to legalise sale of kidneys had hit the national headlines this week. One would assume that someone talking about legalising sale of kidneys needs to pay off debts but the resident just wants to pay the school
Yes Bank Scam: Over 100 firms that ‘diverted’ money, Rs 87-crore gift to wife under ED lens
The Enforcement Directorate (ED) is poring over the books of more than 100 companies owned/controlled/managed by the founder of the troubled Yes Bank, Rana Kapoor, and his family members.
Covid-19 crisis and India’s next government
The Covid crisis has politicised a new crop of leaders who are young, smart, and committed to the country
Magic Leap CEO Rony Abovitz to step down
Magic Leap is not yet naming a replacement.
Paris-based Neobrain snaps up €3 million to support employees during change
French HRtech startup Neobrain, which uses AI to support organisations and people during times of change and crisis, has secured €3 million of investment from French venture capital firm Breega. The startup will use the funds to expand internationally, grow its team and conduct more research on the
Slovak startup GymBeam nabs around €6 million for its fitness brand
Slovakian startup GymBeam, one of the fastest growing fitness brands in Europe, has landed an investment of around €6 million, which it will use to push its brand across Central and Eastern Europe. Founded in 2014, the Slovak e-commerce platform focuses on fitness, nutritional supplements, functi
UK challenger bank Starling Bank raises €44.3 million to support small businesses
Today UK challenger bank Starling Bank has raised approximately €44.3 million in a funding round led by JTC and Merian Chrysalis Investment Company Limited. The investment follows an approximate €66.5 million investment in February 2020, bringing the total raised by Starling in 2020 to around €110 m
Here's the list of outperforming stocks rising most since lockdown
Eight leading promoter-controlled business houses have emerged as the new Corona warriors for the stock market
Liv Morgan responds to Kehlani; wins fans' hearts
Liv Morgan understands that as a public figure, it's her responsibility to not only ask for change but be one herself!
Rice sowing not progressed much after April 10: Agriculture Ministry data
It may be noted that sowing of rice and other kharif crops is being undertaken amid the COVID-19 lockdown. Although farm activities are exempted from lockdown rules, the reasons are not known yet for slow area coverage under rice.
Buy Coal India; target of Rs 264: ICICI Securities
ICICI Securities is bullish on Coal India has recommended buy rating on the stock with a target price of Rs 264 in its research report dated May 29, 2020.
FIIs pare stake in 90% Nifty companies in Q4; trend may continue in coming quarter
The trend may remain unabated in the coming quarters too if the current situation does not change even as there are some positives that are comforting, said experts.
COVID-19 impact | Blackberrys to align physical stores with digital capabilities
Premium menswear brand Blackberrys is gearing up to restart its business after the COVID-19-led disruption.
Singapore top source of FDI in FY20 with investments worth $14.67 billion
According to experts, Singapore has been able to outpace Mauritius with its ease of doing business policies, simplified tax regime and a large number of private investors.
Wipro's new CEO Thierry Delaporte has an impressive CV but challenges galore: Experts
Delaporte will have to ring in organisational changes to help Wipro regain lost ground, feel experts.
Jaya's nephew and niece entitled to her properties: Madras HC
With regard to self acquisitions of Jayalalithaa, the petitioner and the respondent are the legal heirs as per Section 15(1)(d) of the Hindu Succession Act,1956.
UCO Bank reduces repo-based lending rate by 40 bps
State-run UCO Bank on Friday said it has reduced its lending rate linked to the Reserve Bank of India's (RBI) repo rate by 40 basis points.
Q4 GDP data today: Why does the growth number matter to us?
Theoretically, the lockdown impacted the economy only in the last week of March. But, in reality much of the normal course of business had slowed down days before the nationwide lockdown came into effect. This is because people movement declined significantly much before the lockdown.
NIIT Technologies share buyback issue opens; 10 key things to know
The IT company proposed to raise Rs 337.46 crore through the buyback offer.
Investors can participate in NIIT Tech share buyback through these 2 strategies
Given, the stock to perform well going ahead owing to increase in the order inflows & strong growth outlook, arbitrage benefit of 15-20 percent can be achieved easily in one month as on closing price (Rs 1,473).
Buy Aditya Birla Fashion and Retail target of Rs 137: Anand Rathi
Anand Rathi is bullish on Aditya Birla Fashion and Retail has recommended buy rating on the stock with a target price of Rs 137 in its research report dated May 28, 2020.
Canada GDP in April fell a record 11% as COVID-19 shutters economy
Gross domestic product in March fell by 7.2 percent from February, the most severe month-on-month plunge ever, although the decline was less than the 9 percent predicted by analysts. Statscan said the March and April decreases were likely the largest-ever consecutive monthly declines.
'In battle between actual and perceived risk, gold to remain directionless'
A substantial correction in gold will only be seen when investors chose to exit the metal.
GDP numbers: Data collection affected due to COVID-19 outbreak, says government
The GDP growth for FY2019-20 came in at 4.2 percent, against 6.1 percent in FY 2018-19.
Cane arrear reaches Rs 17,134 crore so far in 2019-20 season: Centre
Under the Sugarcane (Control) Order, 1966, sugar mills are required to make cane price payment to farmers within 14 days of supply of cane. If mills fail to make payment, they have to pay interest at the rate of 15 per cent per annum on amount due for the delayed period beyond 14 days.
Market-wide rollover remains strong, expect Nifty to move towards 10,000-10,200
Marketwide rollover is seen at 93 percent. Nifty rollover is at 76 percent as compared to 3-month average of 70 percent. Bank Nifty rollover is seen at 81 percent as compared to 3-month average of 71 percent.
Sundaram Finance posts Rs 131 crore net profit for March quarter
For the full 2019-20, the company registered a net profit of Rs 723.95 crore.
KEC International Q4 profit down 3% to Rs 193 crore
The global engineering, procurement and construction (EPC) major had clocked a profit of Rs 198.76 crore in January-March 2018-19, it said in a filing to BSE.
UN chief appreciates India's assistance to other countries during COVID-19 pandemic: T S Tirumurti
Tirumurti, who assumed charge as India's Permanent Representative to the UN last week, presented his credentials virtually as telecommuting arrangements are in place at the UN headquarters due to the COVID-19 pandemic.
COVID-19 could cause $8.5 trillion loss in global output: UN chief Antonio Guterres
“We must avoid it. The pandemic has demonstrated our fragility. Despite all the technological and scientific advances of recent decades, we are in an unprecedented human crisis, because of a microscopic virus,” the UN Secretary General said on Thursday to the high-level event on Financing For Development.
Muthoot Capital Q4 profit falls 40% to Rs 14 crore on auto sector woes
The company attributed the poor set of numbers primarily to the troubles in the auto industry arising from the switchover to BS-VI emission norms and also the disruptions caused by the COVID-19 pandemic in the last 15 days of the quarter.
Low Q4 growth telling commentary on economic mismanagement of BJP govt: Chidambaram
India's economic growth slowed to 3.1 percent in January-March and to an 11-year low of 4.2 percent for the full fiscal 2019-20 amid a drop in consumption and investment.
Crude futures slip nearly 5% on demand concerns; gain 86.61% in May
In the futures market, crude oil for June delivery touched an intraday high of Rs 2,530 and an intraday low of Rs 2,450 per barrel on MCX.
What changed for the market while you were sleeping? Top 10 things to know
Trends on SGX Nifty indicate a gap down opening for the index in India with a 101 points loss.
Exclusive | PE firm ChrysCapital to buy out Capital International's stake in Intas Pharmaceuticals
Capital International wanted to exit the firm because its parent Capital Group is looking to shift focus away from the private equity vertical.
China's Geely raises $836 million from share sale
Hong Kong-based Geely has sold 600 million primary shares at the bottom of the HK$10.80-HK$11.20 ($1.39-$1.44) price range, or at a 7.85% discount to the last closing price of HK$11.72, according to its release.
Morgan Stanley not given advisory role on Aramco pipeline sale: Sources
The U.S. investment bank, which has previously advised the world's largest oil company, was originally looking to be part of the advisory group on any deal, the sources added.
Wall Street ends down in late selloff; Facebook and China weigh
The Dow Jones Industrial Average fell 147.63 points, or 0.58%, to 25,400.64, the S&P 500 lost 6.4 points, or 0.21%, to 3,029.73 and the Nasdaq Composite dropped 43.37 points, or 0.46%, to 9,368.99.
'It is still too early to say that it is the end of the SIP trend'
SIP flows have reduced for just about a month or two, during the last two months of the lockdown, but we cannot ignore that there have been genuine challenges on mobility.
India, US could strike a 'smaller' trade deal in the coming weeks: Indian envoy
Addressing the virtual West Coast Summit of US-India Strategic Partnership Forum (USISPF), Sandhu said that India's supply of antimalarial drug hydroxychloroquine (HCQ) to the US has given the two countries enough confidence and have played an important foundation.
Appreciate difficulties of PMC bank depositors on moratorium on withdrawals, Delhi HC to Centre, RBI
A bench of Chief Justice D N Patel and Justice Prateek Jalan said upon receipt of any representation from any individual or group of depositors in this regard,
COVID-19 pandemic: US consumer spending tumble in April
The Commerce Department said on Friday consumer spending, which accounts for more than two-thirds of U.S. economic activity, plunged 13.6 percent last month.
Sagar Cements Q4 profit down 94% to Rs 1.18 crore
The Hyderabad-based company had posted a net profit of Rs 18.75 crore in January-March, 2018-19, Sagar Cements said in a BSE filing.
Buy Federal Bank; target of Rs 54: Emkay Global Financial
Emkay Global Financial is bullish on Federal Bank has recommended buy rating on the stock with a target price of Rs 54 in its research report dated May 28, 2020.
RIL Rights Entitlement shares ends at 7% premium over intrinsic value on May 29
The intrinsic value is the difference between Reliance Industries share price (Rs 1,460) and rights issue price (Rs 1,257).
IIFL Finance March Quarter profit plunges 81% to Rs 59 crore
The company, which is mainly engaged in financing and investment business, had logged a profit of Rs 305.89 crore in January-March, 2018-19.
Google mulling stake in VIL positive but inadequate to solve telcos' debt woes: Analysts
Acquisition of a controlling stake by an outsider or a sizable equity infusion by current promoters remains the need of the hour, Credit Suisse said in its latest note.
Delhi HC restrains OLX, Quikr from posting fake Reliance job ads on web portals
Justice Mukta Gupta, in two separate interim orders, said RIL and Reliance Jio Infocomm Ltd have made out a prima facie case in their favour and in case no ad-interim injunction is granted they would suffer an irreparable loss and balance of convenience also lies in their favour.
Jubilant Life Sciences posts Rs 260.49 crore profit for March quarter
Consolidated revenue from operations stood at Rs 2,391.41 crore for the quarter under consideration as against Rs 2,385.58 crore for the same period year ago, it added.
Buy United Spirits; target of Rs 650: ICICI Direct
ICICI Direct is bullish on United Spirits has recommended buy rating on the stock with a target price of Rs 650 in its research report dated May 28, 2020.
How important is Hong Kong to China as a free finance hub?
China still has extensive capital controls and often intervenes in its financial markets and banking system. Hong Kong is one of the world's most open economies and one of the biggest channels for equity and debt financing.
Indian rupee settles 14 paise higher at 75.62 against US dollar
Forex traders said investors are awaiting the country's gross domestic product data for the January-March quarter, due later in the day, for further cues.
'Global growth worries, US-China tensions likely to keep crude prices choppy'
We may see choppy trade however general bias may be on the downside on global growth worries and US-China tensions.
Vodafone Idea not considering any proposal from Google
On May 28, it was reported that Google was looking to enter India's telecom market via a 5 percent stake purchase in Vodafone Idea.
Softbank-Bharti JV in talks for $500-$750 million fundraise: Report
Potential investors such as infra-focused private equity funds, sovereign wealth funds, global utilities and pension funds will be formally approached in the next weeks
Euro zone companies tap banks for cash to survive pandemic
Lending growth to non-financial corporations accelerated to 6.6 percent in April, its fastest rate in over 11 years, from 5.5 percent a month earlier, the data showed.
COVID-19 impact | Re-mobilisation of workforce at project sites an arduous task: Voltas
In its March quarter (Q4) results, the company posted a 12.7 percent year-on-year (YoY) growth in net profit at Rs 160 crore.
March quarter GDP growth to show drastic fall; brace for worse in Q1FY21 print
A note by ICICI Bank stated the country's March quarter GDP growth may come to 1.5 percent year-on-year (YoY).
DD News shifts operations to Khelgaon after employee tests positive for COVID-19 posthumously
According to an official of DD News, initially they were told that the employee had a heatstroke and then they learnt he had a heart attack which led to his death. However, when they learnt that he had died due to coronavirus, the areas he may have accessed were sanitised.
Gold price dips marginally to Rs 46,929, silver gains
The gold/silver ratio currently stands at 96.89 to 1, which means the amount of silver required to buy one ounce of gold.
Buy Orient Cement target of Rs 65: Anand Rathi
Anand Rathi is bullish on Orient Cement has recommended buy rating on the stock with a target price of Rs 65 in its research report dated May 28, 2020.
Silver rises on improved industrial demand outlook, rise in US-China tensions
In the futures market, silver for July delivery touched an intraday high of Rs 48,868 and a low of Rs 48,452 per kg on the MCX.
Renault poised to announce 15,000 lay offs worldwide
Some 4,500 jobs would go in France, though largely through a voluntary departure plan and a retirement scheme, the CFDT's Franck Daout told Reuters on Thursday.
Special scheme to help rural industrial units in Tamil Nadu launched
The scheme, which is part of the State Rural Transformation Project, would cover about 1.39 lakh beneficiaries of whom 31,952 would get a long-term loan of Rs 159.76 crore.
Wipro's new CEO: Can foreign executives succeed in Indian IT firms?
Wipro's peers TCS and HCL Tech have always placed faith in long-timers.
Stick or twist? Investors face coronavirus-induced property dilemma
Property has long been a staple of a balanced investment portfolio, favoured by pension funds and insurers seeking assets that combine capital value growth offered by stocks with secure income akin to bonds.
PPE manufacturers complain about lack of clarity on standardisation guidelines
Hula Global, a Noida-based company which is into manufacturing and distribution of personal protection equipment, was counting on the huge windfall opportunity post-COVID-19 outbreak.
Bank of India cuts MCLR by 25 bps across all tenors
The revised one-year MCLR will be 7.70 percent as against 7.95 percent earlier, the bank said in a release.
Shri Krishna, Mahabharat most-watched TV shows; mythological genre sees strong traction in COVID-19 times
With the increase in viewership, channels are also increasing their programming for the genre.
Decision to open shops in malls soon after taking into account health ministry's guidelines
Issues of retail traders were discussed in a meeting between Commerce and Industry Minister Piyush Goyal on Thursday with representatives of traders associations through video conferencing.
SC issues notice to Tata Sons on cross-appeal of Mistry group firm against NCLAT order
The top court had on January 10 granted relief to Tata group by staying the National Company Law Appellate Tribunal (NCLAT) order of December 18 last year, by which Mistry was restored as the executive chairman of the salt-to-software conglomerate.
Dilip Buildcon consolidated Q4 profit more than doubles to Rs 191 crore
The company had clocked a profit of Rs 84.09 crore during the corresponding period of 2018-19, it said in a BSE filing.
Vodafone Idea share price dips 20% from day's high after co clarifies on stake sale
Any such investment will provide a breather for Vodafone Idea which has been reeling under increasing financial stress.
Government mulls further measures for NBFCs, markets: Report
At a meeting chaired by FM Sitharaman, RBI officials raised concerns over liquidity challenges being faced by NBFCs and various state and micro finances.
Railways issues guidelines for TTEs on board 100 pairs of special trains to run from June 1
They also said all the staff shall be provided with sufficient number of masks, face shields, hand gloves, head covers, sanitiser and soap so that they can perform their duty safely.
RCF Q4 profit jumps nearly 3-fold at Rs 142 crore
Total income rose to Rs 2661.91 crore in the fourth quarter of the last fiscal from Rs 2297.94 crore in the corresponding period of the previous year.
V-Mart Retail Q4 net loss at Rs 8.43 crore, net sales at Rs 332.66 crore
The company had posted a net loss of Rs 90.42 crore in the January-March quarter of last fiscal, V-Mart said in a regulatory filing.
In Poland, key automotive industry has been hit most by crisis
Poland has a traditionally developed automotive sector, which normally is a driving force for the country’s industry and exports. This spring, however, passenger car production has dropped by 99% on an annual basis in Poland, according to the Polish Central Statistical Office, DW reports.
Amid lockdown, BBMP nets Rs 1,028 crore in property tax
The BMMP has collected Rs 1,028 crore property tax in the first two months of the financial year 2020-21, reaching 42% of its target amidst the lockdown.
Google could pick up stake in Vodafone Idea
A report in the Financial Times says Alphabet, Google’s parent company, is looking to buy 5 per cent stake in Vodafone's India business.
How Logan man plans to break $17M Lotto win news to his family
Hey Dad, nice new wheels… A Logan man is planning to break the news to his family that he won more than $17 million in last night’s Powerball draw by pulling into his driveway in a flash new car.
Here’s what R120 million buys you – now that real estate can operate at level 3
The real estate industry will resume operations under level 3 lockdown on Monday, 1 June.
Finbond Group plans to sell its South African operation and delist from the JSE
Credit-provider Finbond says that as part of its short and medium term strategic objectives, it plans on selling its South African operations to focus on North America and Europe.
Pick n Pay opens alcohol pre-orders online as it prepares for high demand from 1 June
Pick n Pay customers can now pre-order liquor from its online shop and all orders will be delivered from 1 June 2020.
Layoffs, pay cuts and shutdowns as major South African hotels count R1.7 billion in losses
South African hotel and gaming group Tsogo Sun has recorded R1.7 billion in exceptional losses for the full year ended March 2020, after a nationwide Covid-19 lockdown led to a near-complete closure of its hotels.
Bank mortgage lending is drying up in South Africa
The South African Reserve Bank (SARB) says that banks have adopted a relatively conservative approach to mortgage lending.
Expect a big jump in the petrol price next week
In a dramatic reversal of April’s chaotic fuel market, fuel prices are set to climb in June, the Automobile Association (AA) says, citing unaudited month-end fuel price data released by the Central Energy Fund.
The number of coronavirus tests done in every province in South Africa
New data presented by the National Health Laboratory Service (NHLS) reveals how many Covid-19 tests have been conducted in South Africa across all provinces to date.
Tony Cruz closes in on Ricky Yiu with treble
Hong Kong's "living legend" Tony Cruz has his eyes fixed on long-time trainers' premiership leader Ricky Yiu, following a treble that took him to 51 wins for the term, just six off the top spot. "I think I'd better give it a go," said last Sunday's Group 1 Standard...
Bishop Lavis community to protest reopening of schools
The group's Rodney Zeeberg said that grade 7 and matric pupils were being led to the 'slaughterhouse'.
Rand, stocks drop with focus on US response to China over Hong Kong
The rand treaded water for most the session and but saw some selling late on after the trade balance for April swung to a large deficit as exports tumbled.
Europe moves ahead with lockdown easing, but caution in Asia
As much of the world grapples to find the path forward, with the deadly virus still spreading in some places and a vaccine at best a distant reality, Europe is slowly emerging from isolation.
Gauteng's spike in COVID-19 cases due to Merafong mine infections - Makhura
Over the last week, there has been an increase of 921 cases, the biggest weekly jump since the virus hit Gauteng.
ANALYSIS: How SA can balance control of COVID-19 and avoid economic disaster
South Africa's management of the COVID-19 pandemic must now shift from a centrally regulated approach to one that enables participation and compliance by communities, workers and businesses.
The pandemic has tightened Putin's economic grip but spells trouble for the future
The coronavirus has allowed Vladimir Putin to expand the Russian state's involvement in its economy, but it creates some long-term issues.
Long Odds: China's bet on REITs draws skeptics
SHANGHAI/BEIJING — China’s plans to introduce real estate investment trusts (REITs) mark a crucial step to get private money to fund infrastructure such as toll roads and sewage systems, but authorities have their work cut out in creating a fully-fledged market.
Pandemic's hit to Japan's factory, retail sectors deeper than expected
TOKYO — Japan’s April factory output fell at a much faster-than-expected pace and retail sales tumbled the most in more than two decades as a coronavirus-triggered state of emergency dealt a heavy blow to the economy.
Big Banks Must Face Forex Manipulation Claims, U.S. Judge Rules
(Bloomberg) — A group of banks failed to persuade a judge to throw out a lawsuit claiming they conspired to rig foreign exchange rates.
Pharma chiefs say coronavirus vaccine could be ready this year, but challenges 'daunting'
Pharmaceutical company executives say one or several COVID-19 vaccines could begin rolling out before 2021, but warned the challenges would be 'daunting' as it was estimated that 15 billion doses would be needed to halt the pandemic.
Covid treatment at VS Hospital not feasible: AMC
Another reason cited was that those who opt for regular treatments and OPD services at VS Hospital, will face difficulties if beds are reserved here for Covid-19 treatment, “which can further increase the mortality rate.”
Sawkmie seeks govt aid for flood-affected
SHILLONG: Mawlai MLA PT Sawkmie has written to Chief Secretary MS Rao requesting him to sanction financial assistance at the earliest for all the flood-affected districts, so as to enable the district administration to reach out to the people financi
Working groups on economic task force to synergize efforts to revive economy: Conrad
GUWAHATI: Meghalaya Chief Minister, Conrad Sangma on Friday tweeted that the six Working Groups of the Economic Task Force on COVID-19 pandemic would work in tandem to draw up a systematic and synergistic plan to revive the economy of Meghalaya and c
US indicts N. Koreans, Chinese over US$2.5b network to dodge sanctions
WASHINGTON, May 29 — The US Justice Department indicted 28 North Koreans and five Chinese yesterday for operating a money laundering ring that moved billions of US dollars through global banks to avoid nuclear sanctions on Pyongyang. The network processed more than US$2.5 billion (RM10.9 billion)...
FTSE 100 up as AstraZeneca, GSK climb on vaccine hopes
LONDON, May 29 ― UK shares ended higher yesterday, helped by drugmakers AstraZeneca and GSK as markets looked for more progress in the development of a Covid-19 vaccine, while optimism over the reopening of the economy persisted. The blue-chip FTSE 100 rose another 1.2 per cent after ending...
European stocks rise for fourth day on healthcare bounce
FRANKFURT, May 29 ― European shares rose for a fourth straight session yesterday, as optimism over businesses returning to work and stimulus for the battered euro zone economy outweighed rising US-China tensions. The pan-European STOXX 600 index rose 1.6 per cent to hit an 11-week high, with...
PIC willing to convert R90 billion of Eskom debt into equity
Africa’s biggest fund manager, the Public Investment Corp., is willing to convert more than 90 billion rand ($5.2 billion) of Eskom Holdings SOC Ltd. debt into equity.
Big petrol price increase coming in June – AA
The AA has predicted that fuel prices will rise substantially in June.
Cigarette ban threatens to bankrupt companies
The ban on the sale of cigarettes is one of the most controversial regulations in place as part of South Africa’s COVID-19 lockdown.
Defend your hard-earned savings with Revix’s tokenised gold promotion
Invest in tokenised physical gold without any risk.
Dell reports steady sales because of work-from-home trend
Dell Technologies Inc. reported quarterly revenue and profit that were better than projected on greater sales of personal computers to businesses with employees working from home, even while server demand waned.
Amazon in talks for new office despite pandemic
Amazon.com Inc. is in talks to rent an office block in Dublin with space for about 750 workers, according to a person familiar with the matter.
$1.4m to help Queenstown workers who have lost jobs
The hard-hit Queenstown Lakes District has been given $1.4 million in Government funding to help redeploy workers who have lost their jobs because...
Wage subsidy auditing figures only collected quarterly - MSD
Government ministers are not receiving up to date figures on breaches of the $10 billion wage subsidy scheme, and one Minister's office says "it's...
Auction tests demand for Queenstown property
Bidders in Queenstown have started testing the water in one of the country's most expensive property markets. This story was first published by RNZ...
108 jobs on line in Tower proposal
Tower says it will aim to cut costs by $7.2 million per year which includes a proposal for 108 redundancies. The NZX-listed insurer announced the...
NZ's largest furniture retailer to open, 180 jobs created
New Zealand's largest furniture and homewares retailer Nido will open its doors to the public tomorrow. The new $60m, 27,000 sq m store in West...
$60m funding boost for NZ libraries announced at Turanga
The government chose Christchurch's central library, Turanga, as the venue to announce a $60 million cash injection for NZ libraries on Friday.
Cruz, Lee on Next Virus Legislation: Recovery, Not Relief Legislation
Sens. Ted Cruz and Mike Lee said tax cuts and deregulation are needed to help small businesses recover in the wake of coronavirus.
MBC's 'Hangout With Yoo' confirms Yoo Jae Suk, Lee Hyori, & Rain will debut this summer + still considering other members
On May 29, a spokesperson of MBC variety program 'Hangout With Yoo' relayed, "Our trainee Yoo Jae Suk will be forming a co-ed group with legend…
The Witcher franchise has crossed 50 million sales
The Witcher franchise has sold over 50 million copies worldwide, according to the latest figures from developer CD Projekt Red. The Witcher 3 is responsible for a huge chunk of those sales, with the popular RPG having sold over 20 million copies as of June 2019.
White House decides not to release economic update as election draws near | Honolulu Star-Advertiser
WASHINGTON >> The White House took the unusual step today of deciding not to release an updated economic forecast as planned this year, a fresh sign of the administration’s anxiety about how the coronavirus has ravaged the nation just months before the election.
Hawaii explores ‘travel bubble’ with Japan amid tourism collapse | Honolulu Star-Advertiser
A pilot “travel bubble” with Japan that allows for relaxed travel restrictions between the two destinations might be a way for Hawaii tourism to start coming back from the 99.5% plunge that it took in April.
Coronavirus in Ballarat: Scouts pushing forward during pandemic
Like all groups and clubs, Ballarat's Scout groups have been forced to make huge adjustments over the past two months because of the COVID-19 pandemic. As an...
Life in lockdown: Coronavirus prompts half of French consumers to reappraise ‘value’ of food
During eight weeks of lockdown, or confinement, over half of French people report having changed their view of the social, economic and ecological value of food production.
German Rights Body GEMA Says Strong 2019 Created 'Crisis Airbag' for Members Sidelined by Pandemic
The German copyright society GEMA carried over momentum from the previous year and increased revenues by nearly 5% in 2019.
Strictly Discs in Wisconsin, in a Pandemic: 'I Feel a Responsibility to Our Community'
As Dane County enters Phase 1 of reopening, Strictly Discs owner Angie Roloff has expanded the in-store capacity of her Madison record shop.
Clearing His Name: Metropolitan CEO Says He’s Ready to Put Disastrous Albany Show Behind Him
When John Scher was approached by an old friend about investing in a long-shot benefit concert, the 69-year-old promoter knew he should have walked away. But spellbound by the opportunity to work with superstar artists James Taylor and John Legend, Scher convinced himself that he could pull it off.
Rodger Federer tops list of world’s highest-paid athletes
Roger Federer topped the 2020 Forbes magazine list of highest-paid global athletes announced Friday, leading the lineup for the first time with pre-tax earnings of $106.3 million (95.5 million euros).
Finance Ministry statement on controversial Covid-19 tender
PERMANENT Secretary in the Ministry of Finance and Economic Development, George Guvamatanga, has been in the eye of a storm amid reports he authored a letter to the Health Ministry pushing for the payment of funds to suppliers of Covid-19 equipment.
CBK warns 75pc of small businesses risk collapse
Small traders have had to close under coronavirus lockdown measures.
How can I qualify for pension cap indexation?
Indexation of superannuation pensions - if it ever happens - won't be available to all, writes John Wasiliev, who seeks answers to your questions about super.
Frydenberg talks markets to US Treasury secretary
Treasurer Josh Frydenberg has spoken to US Treasury secretary Steven Mnuchin about the rebound in equity markets and the stabilisation of credit markets.
What Ivanka Trump 'taking the red pill' says about the White House
The president’s daughter is not just a rich kid – she's also a representative of the US with an understanding of the alt-right political fringe.
Court Jails Man For $240,000 Romance Scam
The convict, who defrauded his victim, Chantai Meadery in February 2018 through a dating scam, with a promise of "building a future together" in Switzerland, was arraigned by the Port Harcourt Zonal Office of the Economic and Financial Crimes Commission, EFCC, on July 23, 2019 on a 4-count charge bordering on obtaining money by false pretence and money laundering.
How Will Africa Fare After COVID-19? By Haleed Sulemana
The African Free Trade Area Agreement (AfCFTA) that would see African countries trade within its borders without priority to Western countries should be fast-tracked and made operational. This will allow the African Union and other African sectors to easily assert their agency globally.
Chairman Of Nigeria’s Revenue Agency Denies Allegations Of Tribalism In Organisation
Nami, who spoke while reacting to the alleged removal of some directors on tribal and ethnic grounds, said that the exercise was done according to the laws of the country.
WTI slips below $34.00 amid risk reset in early Asia
WTI extends its declines from $34.34 to $33.56 amid the initial Asian session on Friday. In doing so, the oil benchmark probes the previous day’s reco
EUR/JPY falls back to 200-day SMA as Tokyo inflation beats estimates
The bid tone around the Japanese yen strengthened early Friday, pushing EUR/JPY back to levels below the 200-day simple moving average (SMA) at 119.25
US indicts NKoreans, Chinese over $2.5 bn network to dodge sanctions
The US Justice Department indicted 28 North Koreans and five Chinese on Thursday for operating a money laundering ring that moved billions of dollars through global banks to avoid nuclear sanctions on Pyongyang.The network processed more than $2.
Men hired to tie up and tickle client break into wrong house
Two men hired to break into their client’s house, menace him with machetes, tie him up, then tickle him with a broom, have been acquitted of armed break-in after hitting the wrong address. Th…
California elected officials face no pay cuts despite economic turmoil brought by coronavirus pandemic
Despite millions of people continuing to face unemployment, garnished wages, or pay cuts, elected officials in California can consider their salaries safe from reductions during the ongoing coronavirus pandemic.
Ending lockdown
"The economy went dead. It has to be revived." On Monday, June 1, 2020, most Filipinos will enjoy the benefits of relative freedom. June 1 is the first day after Asia’s strictest and the world’s longest lockdown ends, on May 31.
Erin O'Toole promises increased childcare support as part of COVID-19 economic recovery plan
Both frontrunners in the Conservative leadership race, O'Toole and Peter MacKay, have now released their plans for leading Canada out of the COVID-19 crisis
Cisco security breach hits corporate servers that ran unpatched software
Cisco is one of many to get bitten by vulnerabilities in open source Salt manager.
Canada's vulnerable to money laundering on par with similar countries: expert
VANCOUVER — A senior police officer from the United Kingdom with expertise in money laundering says "underground banking" linked to China has become a significant threat in the U.K. and he believes Canada shares some of the same vulnerabilities.
US layoffs climb to 41 million despite businesses reopening
WASHINGTON, DC, United States (AP) — An estimated 2.1 million Americans applied for...
Teenager launches food delivery business
WHILE many lament the harsh economic effects of the dreaded COVID-19 virus, one innovativ...
No coverage for businesses impacted by COVID-19, says IAJ
Insurance Association of Jamaica (IAJ) President Vernon James says whil...
If Trump kicks out Twitter, there's always Germany
If U.S. President Donald Trump goes ahead with his threat to close Twitter, the micro-blogging site can always relocate to Germany.
New York's Cuomo says businesses can turn away people not wearing masks
New York Governor Andrew Cuomo said he would sign an executive order on Thursday authorizing businesses to deny entry to anyone who does not wear ...
Bank of Canada to hold rates at 0.25% through end of next year: Reuters poll
Bank of Canada to hold rates at 0.25% through end of next year: Reuters poll
'Make Europe Great Again' recovery fund to reverse euro's fortunes: BofA
'Make Europe Great Again' recovery fund to reverse euro's fortunes: BofA
Ukraine expecting $5 billion IMF loan approval and initial payout next week: PM
Ukraine expecting $5 billion IMF loan approval and initial payout next week: PM
Chile jobless rate hits 9% during pandemic, highest in decade
Chile jobless rate hits 9% during pandemic, highest in decade
Metals Nearing Critical Momentum For New Parabolic Rally
Commodities Analysis by Chris Vermeulen covering: XAU/USD, XAG/USD, Gold Futures, Silver Futures. Read Chris Vermeulen's latest article on Investing.com
Stocks - US Futures Lower; Consolidating Ahead of Trump Speech
Stocks - US Futures Lower; Consolidating Ahead of Trump Speech
Month-End Profit-Taking Weighs On Equities As The Euro Pops Above $1.11
Forex Analysis by Marc Chandler covering: Nikkei 225, STOXX 600, USD/CNH. Read Marc Chandler's latest article on Investing.com
Big Tech’s Tumble: Why AMZN, MSFT And Other FAAMG Stocks Are Stalling
Stocks Analysis by Matthew Weller covering: S&P 500, Boeing Co, Microsoft Corporation, Alphabet Inc Class A. Read Matthew Weller's latest article on Investing.com
Asia Session: Asia Booking Profits Ahead Of The Weekend
Market Overview Analysis by MarketPulse (Jeffrey Halley) covering: EUR/USD, AUD/USD, XAU/USD, S&P/ASX 200. Read MarketPulse (Jeffrey Halley)'s latest article on Investing.com
Saudi Arabia says it provided $40 billion to PIF from foreign reserves
Saudi Arabia says it provided $40 billion to PIF from foreign reserves
Preliminary agreement reached in Lufthansa bailout row: source
Preliminary agreement reached in Lufthansa bailout row: source
U.S. to End Hong Kong's Special Treatment, Trump Says
U.S. to End Hong Kong's Special Treatment, Trump Says
Days from launch, Fed officials eye 'Main Street' program expansion
Days from launch, Fed officials eye 'Main Street' program expansion
Explainer: How important is Hong Kong to China as a free finance hub?
Explainer: How important is Hong Kong to China as a free finance hub?
Japan backs nearly a third of $6.6 billion loans to Nissan: sources
Japan backs nearly a third of $6.6 billion loans to Nissan: sources
StockBeat: Smelling the Coffee in Times of Coronavirus
StockBeat: Smelling the Coffee in Times of Coronavirus
Trump Action Aside, China Crop-Buying Goal Is Becoming Untenable
Trump Action Aside, China Crop-Buying Goal Is Becoming Untenable
Swedish banks join forces to fight money laundering
The five largest banks in Sweden have teamed up with the country's police to launch an anti-money laundering initiative.
Restarting The American Economy: The Most Essential Factors
According to some sources, unemployment is expected to reach 25.2% by the end of this year.
TZERO Announced New Broker-Dealers Trading On Its Blockchain
tZERO, owned by OverstockOSTK, announced yesterday that broker-dealers ChoiceTrade and an unnamed investment bank focused on institutional brokerage are now live and trading on the tZERO blockchain Alternative Trading System (ATS). Both brokers are now subscribers to the tZERO’s ATS.
Are State Reopening Policies Turning The Economy Around?
There may be some slight economic improvement in more aggressive “reopening” states. But the nation’s overall economic picture remains very troubled. And a too-aggressive reopening before the virus is under control could feed a second disease wave later this year.
Finding Comfort Outside Of The MegaTechs
Megatech has done well lately. But for investors over allocated to Facebook, Apple, Amazon, Microsoft and Alphabet, there are other tech stocks with good growth prospects and strong balance sheets.
What Kind Of Innovation Will We Apply To Build Our Post-COVID Food System?
As we imagine our Post-COVID food system, I want to discuss how we will unleash innovation to modernize a massive, brittle food production system and its support structures. Fundamentally, how can we innovate to better match food supply with demand?
Qualcomm, Qorvo & Jabil: Apple Suppliers Have Been Left Behind From The Rally. Time To Buy?
Apple stock is up about 5% year-to-date, despite the Coronavirus pandemic, driven by its strong balance sheet and fast-growing services business, which makes it a safe haven of sorts. However, most of Apple’s suppliers have not fared as well. Our indicative list of 6 key suppliers for the iPhone...
Find The Best Talent And More: 4 Concrete Benefits To Your Business Of Being Accountable To Stakeholders
Accountability is essential if a company is to be purpose-driven and meet the needs of all stakeholders. But where to start? Examining environmental, community, worker, customer and governance impacts can help your business review, assess, and make meaningful changes to improve overall performance.
Twilio Shares Surge 98% YTD As Emerging Use Cases Drive Increased Demand
During the Covid-19 crisis, Twilio has emerged as a leading provider of the underlying infrastructure needed to power increased digital engagement. Management called out six emerging use cases for Twilio’s platform during the pandemic.
Dow Jones Futures: Trump China News May Not Break Coronavirus Stock Market Rally; Renault, Twitter In Focus
Donald Trump, the U.S. president, appears poised to sign measures against China that would spur tensions further. He wants to punish Chinese officials
Post-Pandemic Music Industry Predictions: The Consolidation Of Power
The music industry has been slowly consolidating for years, and the pandemic may accelerate this trend. Major financial transactions around mergers, acquisitions and institutional interest estimate the industry value doubling in a decade, but how will this impact festivals, startups and artists?
The American Workplace Is Reopening. Are Employers Ready?
Ready or not, American workplaces are revving into action. Battered by the economic costs of the lockdown, governors are easing closure orders and allowing businesses to reopen. But what will the post-pandemic office look like?
Small Businesses Can Bypass Complicated GAAP Rules For Crypto Accounting
Small businesses can follow tax basis accounting for crypto and avoid cumbersome GAAP rules
'Elon Musk Is Not A Lunatic': Revisiting The Dawn Of SpaceX
With SpaceX’s historic private launch of astronauts into orbit, here is the first Forbes profile of Elon Musk from 2003, shortly after the company was founded—and five years before the first Tesla rolled off the line.
Midwest Hyperloop Route Could Lead To $300 Billion In Economic Benefits
A feasibility study outlines the potential benefits of a corridor linking Chicago, Columbus and Pittsburgh.
McConnell Vows The Next Stimulus Bill Will Be The Last One
Another round of stimulus checks, more state aid, and extended unemployment benefits are all on the line.
Mortgage Rates Hit New All-Time Low, But Rushing To Refinance Might Not Be Necessary
Mortgage rates hit yet another record-breaking low, but rushing to refinance may not be necessary.
Why Goldman Sachs Is Running Downmarket To Embrace RIAs With Recent Acquisitions
Goldman Sachs continues to build its retail wealth management business, buying boutique custodian Folio Financial last week after the acquisition of United Capital last year
Three Ways Technology Can Help Save Retailers
With retail sales plunging, customer experience is more important. Learn how AR, geospatial, and other technologies can help retailers stay close to customers and encourage brand loyalty.
What The Pandemic Means For The Gender Wage Gap
What can be done to close the wage gap, and decrease the disparity between men and women’s retirement income? It comes back to offering women caregiving benefits and work flexibility.
Used Car Seller Billionaires Ernie Garcia II And Son Accused Of Insider Trading In Lawsuit
The father and son team behind Carvana, the online used car seller, along with the company’s directors and investment firms controlled by the Garcias, allegedly traded on coronavirus fears to buy up shares at “bargain basement prices.”
The Paycheck Protection Program Could Have Been Great—It Wasn’t
With the first round of Paycheck Protection Program recipients about to submit for loan forgiveness, let's look back on the process.
14 Return-On-Equity Champions With Warren Buffett Fundamentals
Warren Buffett considers it a positive sign when a company is able to earn above-average returns on equity. Here are 14 that fit the bill.
Does Gap Inc Have Enough Cash To Survive Covid-19 Demand Shock?
With most retail stores shut and people holding off on discretionary spending, chains such as Gap Inc may be looking at an existential crisis - a big change from typical growth issues they tackle every day. The company’s stock has fallen 50% this year reflecting the demand shock that may push it...
Friday Night SmackDown Results: News, Notes As WWE Exploits Jeff Hardy’s Demons
Jeff Hardy was arrested on suspicion of drunk driving to kick off WWE Friday Night SmackDown.
Stocks Turn Positive After Trump Keeps Phase One China Trade Deal Intact
Trump took a more confrontational approach with China on Friday.
Report: Whole Foods, King Soopers Make The Most Of Their Plant-Based Offerings
A report released Thursday by the Good Food Institute takes stock of the progress the top 15 U. S. grocery retailers have made in stocking, merchandising and marketing the growing array of plant-based meat, dairy and egg alternatives.
Jim Acosta Once Again Has Dumb Question at White House Briefing... then Kayleigh McEnany Responds
During the White House briefing Thursday afternoon, CNN's Jim Acosta
Magic Leap CEO Rony Abovitz is stepping down
Magic Leap founder Rony Abovitz confirmed he has raised a new round of funding, and he also announced he will step down as CEO.
FMG appoints Claire Owens as new managing director
Huddersfield-based incident management and recovery business FMG, appointed Claire Owens as a new managing director in March, at the outset of the Covid-19 outbreak in the UK.
Tristar Worldwide begins 45-day consultation process with workers
Addison Lee Group chauffeur division Tristar Worldwide has started a 45-day consultation with some of its workers, according to GMB London.
The cities that could benefit most from the UK’s £500 million EV charging fund
According to new research from Uswitch.com, Stoke-on-Trent, Southend and Birmingham are among the cities that could benefit most from the Government’s £500 million ‘Rapid Charging Fund’.
Dy manager of BoM delivers pensions at doorsteps of elderly
Employee from Bhavani Peth branch had sought special permission to enter containment zone, make the payouts
Best Bank Accounts
Martin Lewis reveals how to compare and switch to the best bank accounts that can save you £100s a year.
Government announces furlough scheme changes – what you need to know
The Chancellor Rishi Sunak has announced a series of changes to the Government's furlough scheme today, including workers being able to go back part-time from July. Here's what you need to know
Government's self-employment support scheme extended – what you need to know
The Government's Self-Employment Income Support Scheme will be extended and will pay out another single grant covering three months, the Chancellor has announced today. It's also said this will be
Seeking kindness after a 'Terrace House' tragedy
The death of 'Terrace House' star Hana Kimura gives new impetus to discussions about cyberbullying.
The pandemic has tightened Putin's economic grip but spells trouble for the future
The coronavirus has allowed Vladimir Putin to expand the Russian state's involvement in its economy, but it creates some long-term issues.
Goldfinch Partners acquires payments fintech Vesta
Goldfinch Partners, a Washington-based private equity firm, has invested $125 million in Vesta in a bid to take control of more than 80% of the Oregon-based payments and fraud detection solution provider.
Starling Bank lands £40m from existing backers
Starling Bank has raised an additional £40 million in funding from existing backers, adding to its £60 million raise in February, TechCrunch reports.
Don’t involve children in business, Manzese residents told
Parents and guardians have been urged to ensure that their children remain at home during the schools closure and not involve them in their business activities, something that contrary to the child
India's economy seen slowing rapidly in March quarter, with worse to come
Gross domestic product data out later on Friday is expected to show India's economy grew at its slowest pace in at least two years in the March quarter as the coronavirus pandemic weakened already declining consumer demand and private investment. The median forecast from a Reuters poll of economists
IDC: Hearables market on the rise, but smartwatch sales have declined in Q1 2020
Global shipments for wearables went up by 29.7% YoY with 72.6 million units shipped.
SDF Invests $550K In SatoshiPay For B2B X-Border Solution
The Stellar Development Foundation has invested $550,000 in SatoshiPay's development of a B2B cross-border payments solution and its digital wallets.
Will Hotels Win Back Customers By Cleaning Up Their Act (Literally)?
Hotels have seen their business slowed to a near stop and now they are working to stress cleanliness in a bid to get consumers checking in again.
Redesigning business processes for contactless operations
Blog » As the world fights against Covid19, businesses are desperately struggling to cope and sustain in the rapidly evolving commercial landscape. Long-lasting
Dell Hit By Coronavirus But Wins Millions In Govt Deals
SYDNEY: In its third year in a row, Dell Australia has posted a drop in profits. This year the company posted an after-tax profit of just over AU$31 million for the financial period ended January 31, 2020, slightly down from the $33.6 million recorded in 2019.
Kildare businesses call on Government to extend wage subsidy scheme
"Ahead of today’s Cabinet meeting, County Kildare Chamber has called for the Government to reform and extend the Temporary Wage Subsidy Scheme (TWSS) beyond its initial June deadline, and e...
The pandemic has tightened Putin's economic grip but spells trouble for the future
The coronavirus has allowed Vladimir Putin to expand the Russian state's involvement in its economy, but it creates some long-term issues.
Wipro shares jump 7 per cent on new CEO appointment
Shares of Wipro on Friday closed nearly 7 per cent higher after the company announced the appointment of Capgemini Group veteran Thierry Delaporte as its CEO and MD, effective July 6.
Sensex surges 224 pts; Nifty tops 9,550-mark
Extending its rising streak to the third session, equity benchmark Sensex jumped 224 points on Friday, driven by gains in HDFC, ITC and HUL despite weak cues from global markets.
Woman returned from Maharashtra denied entry into house in Karimnagar
The helpless woman sat in front of her house for help. This bizarre incident was taken place in Kisannagar of Karimnagar town on Friday.
7-months-old baby dies of COVID-19 in Sangareddy
A 7-month-old girl, who died at Niloufer Hospital on Wednesday while undergoing treatment, was COVID-19 positive as her swab result revealed
No temporary increase in weekly asylum payment during pandemic
Request for €20 rise during crisis from 40 organisations is rejected
NZTA negotiating on new cost of Transmission Gully – paying advance of $14m
News from NZTA Waka Kotahi the NZ Transport Agency is making an advance payment to the builder of the Transmission Gully project to reflect the costs of the Covid-19 work shutdown.
Lawrence Weekly to host town hall on small businesses reopening
Clark County Commissioner Lawrence Weekly on Monday is hosting a Facebook town hall to answer questions that businesses might have as they set to reopen.
PIC wants Eskom bonds turned to equity
SOUTH African state asset manager the Public Investment Corporation has submitted a proposal to the government on converting bonds it holds in struggling state utility Eskom into equity.
Lockdown shuts 8 companies for good
EIGHT businesses have closed their doors, more than 25% of businesses temporarily closed, and 50% of those who operated, did so below their production capacity – all due to Covid-19 measures.
Govt U-turns on royalties non-deductibility
THE taxman has decided to withdraw the earlier announced proposal to disallow tax deductibility of royalties for non-diamond mining companies.
Federer tops list of world's highest-paid athletes
NEW YORK - Roger Federer topped the 2020 Forbes magazine list of highest-paid global athletes announced Friday, leading the lineup for the first time with pre-tax earnings of $106.3 million (95.5
Mahangu to yield surplus
LOCAL mahangu production is expected to yield a surplus of 23 metric tonnes this year while white maize will fall short of meeting local demand for the next six months (including May), by 5 961
No funds to pay green scheme workers
PETRUS Uugwanga, managing director of the Agricultural Business Development Agency (Agribusdev), on Tuesday said the agency cannot pay workers' overdue salaries at green schemes countrywide.
Shanghala employee denies meddling in ACC probe
AN employee of former justice minister Sacky Shanghala and his business partner James Hatuikulipi denied in the Windhoek Magistrate's Court yesterday that he tried to remove potential evidence
Mixed feelings as lockdowns end
MIKE COLLETT-WHITEAS much of the world begins to emerge from lockdowns, people are looking back at time spent cut off from friends, family and colleagues by the coronavirus and forward to
California to vote on business tax hike worth up to $12B
California voters in November will decide whether to increase property taxes on commercial and industrial land to raise up to an estimated $12 billion annually for public schools and city halls across
Kansas man charged $50K in medical bills after accident
Alvin Letner doesn’t remember signing the form where he promises to pay a medical bill of nearly $50,000 he hadn’t yet seen.
New Zealand near eradication, but virus has grim global hold
New Zealand on Friday had all but eradicated the coronavirus from its shores with just one person in the nation of 5 million known to be still infected, but developments elsewhere were generally grim,
'I can't breathe': White House locked down as crowd protests death of George Floyd
The White House was on lockdown Friday night as hundreds of demonstrators gathered in adjacent Lafayette Park chanting,
White House punts economic update as election draws near
The White House has taken the unusual step of deciding not to release an updated economic forecast as planned this year, a fresh sign of the administration's anxiety about how the coronavirus has rava
New director for Arizona Department of Economic Security
The Arizona Department of Economic Security has a new director.
Questions on reopening New York's economy baffle businesses
Some upstate New York business owners who made plans to reopen Friday as the state gradually loosens restrictions put in place during the coronavirus crisis remained close amid last-minute confusion o
Lee asks state agencies to cut budgets by 12%
Gov. Bill Lee has asked all state agencies to find ways to slash their budgets by 12% and submit their new proposals by the end of June.
Connecticut governor eases restrictions on houses of worship
Gov. Ned Lamont announced Friday he is easing pandemic restrictions on religious services, allowing houses of worship to now have up to 100 people inside, or 25% capacity, whichever is less.
French carmaker Renault to cut 15,000 jobs worldwide
French carmaker Renault said Friday it will cut 15,000 jobs worldwide as part of a 2 billion-euro ($2.2 billion) cost-cutting plan, as a brutal drop in industry sales during the pandemic worsened the
Asia shares fall as US-China tensions douse rally on Wall St
Shares fell Friday in Asia as investors awaited a news conference about China by President Donald Trump later in the day.
2 dead in house fire, cause under investigation
Authorities in western Pennsylvania on Friday were trying to determine what sparked an early-morning house fire that claimed the lives of a man and a woman.
No hearing held of Mir Shakil-ur-Rahman's bail plea
MSR's arrest has been classified as the eighth-most urgent case in threat to press freedom, according to Time Magazine
Retraction and apology to Ibrahim Mahama
Ghana Guardian's attention has been drawn to an inaccurate publication on Wednesday, May 27, 2020, titled "Ibrahim Mahama paying A-Plus 'to spew nonsense'".
Six districts in UE restricted from fertilizer distribution this year
Six districts in the Upper East Region have been restrained from dealing with sales and distribution of subsidized fertilizer to farmers due to incessant reported cases of smuggling.
Stop replacing green grass with pavement blocks – Meteo cautions households
The Ghana Meteorological Agency (GMET) has advised people to stop replacing green grass with pavement blocks in their homes.
Ghana Guardian retracts and apologises to Ibrahim Mahama
Ghana Guardian's attention has been drawn to an inaccurate publication on Wednesday, May 27, 2020, titled "Ibrahim Mahama paying A-Plus 'to spew nonsense'".
Back to work! How businesses are adjusting to a newer, safer way of working
Metro.co.uk: News, Sport, Showbiz, Celebrities from Metro
Lack of adequate funds, labour among challenges faced by projects in India: Survey
Promoters in the Indian projects fraternity find getting adequate funds at reasonable interest, finding labourers matching the skills of those who have left for their hometown.
Banks’ asset quality ratios may worsen up to 600 bps: Fitch
The report added that while secured loans such as home and auto are relatively more resilient, they will not be isolated from stress as unemployment rises.
Facebook’s investment in Reliance Industries not surprising: Brett Biggs, CFO, Walmart
Walmart-controlled Flipkart and Amazon jointly hold 80% of the country’s e-commerce sector at present.
Franklin Templeton to soon start e-voting process for winding up six debt schemes
Sources in the mutual fund industry say that Trustees of Franklin Templeton MF will start sending notices to investors on the voting process and unit holders’ meeting in the next two-three days.
India's economy may have grown at slowest in 2 years during March quarter
The full impact of the lockdown on manufacturing and services will become more apparent in the June quarter, with Goldman Sachs predicting a 45% contraction from a year ago
PG&E Achieves Bankruptcy Milestone as It Fights Probation Conditions
California regulators on Thursday approved Pacific Gas and Electric’s plan for exiting Chapter 11 bankruptcy as the company fought in federal court to block a set of strict new probation terms aimed at preventing wildfires.
Europe moves ahead with lockdown easing, but caution in Asia
In a bit of happier news in Asia, a Bali zoo names a newborn giraffe after the virus
Australian pubs face a long road back after lockdown
As the industry toasts the lifting of lockdown laws next week, publicans say bouncing back from the brink is not as simple as pouring a pint.
FIRS: The burden of leadership - The Nation Nigeria
But those who wear the crown know where it hurts. So it is with the leadership of the Federal Inland Revenue Service (FIRS) at....
Why Nigerians must obey ban on inter-state travel - The Nation Nigeria
Nigeria, like other countries across the world, is facing new realities. COVID-19 has forced us as individuals and countries to make difficult choices to...
Industry chorus: Package not much help, govt must do the heavy lifting
The survey was conducted after the latest round of easing, and the respondents included large companies, regional trade bodies, and also some small and medium enterprises across the manufacturing and services sectors.
Bursa Malaysia slightly lower in early trade
KUALA LUMPUR, May 29 ― Bursa Malaysia retreated from yesterday's gains to open slightly lower this morning dampened by selling in the index-linked counters amid mixed market sentiment. At 9.05am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) eased 6.09 points to 1,451.41 from yesterday’s...
Tesla performance opens door to Elon Musk payday
NEW YORK, May 29 ― Tesla has hit financial marks that let its colourful chief executive Elon Musk reap the first portion of a multi-billion dollar compensation package, the electric car maker said yesterday. Musk has foregone a base salary in exchange for a shot at a fortune in deeply discounted...
Pharma chiefs see coronavirus vaccine by year-end, but challenges 'daunting'
LONDON, May 29 — Pharmaceutical company executives said yesterday that one or several Covid-19 vaccines could begin rolling out before 2021, but warned the challenges would be “daunting” as it was estimated that 15 billion doses would be needed to halt the pandemic. Well over 100 labs around...
Ringgit opens higher against US dollar
KUALA LUMPUR, May 29 ― The ringgit strengthened against the US dollar in early session today on an overnight recovery of oil prices but investors are cautious by a possible escalation of the United States (US)-China trade war risk, said an analyst. At 9.08am today, the local note was quoted at...
Australia's New South Wales state warns of Covid-19 budget toll
SYDNEY, May 29 ― Australia's biggest state in economic terms said today the coronavirus pandemic could cost it as much A$20 billion (RM57.7 billion) in lost revenues over the next four years, underscoring the urgency to revive the country's stuttering economy. Releasing its first estimate of the...
World Bank suggests possible extra replenishment of IDA lending arm
WASHINGTON, May 29 ― World Bank President David Malpass yesterday suggested the Bank and donor countries should explore a possible supplemental replenishment of the International Development Association (IDA) concessional lending arm if the coronavirus crisis deepens. In a letter to US and...
Rich Lister winners and losers so far
With the fortunes of many billionaires tied up in equity, the past few months have been a wild ride and not everyone has come out on top.
CBA says crisis reinforces its X15 mission to create new start-ups
CBA has rolled its Credit Savvy business into X15 and will host a hackathon in July to identify new ideas and entrepreneurs.
AFP: Bulgaria Pins Hopes on TB Vaccine Against the Coronavirus
In the worldwide battle against COVID-19, scientists are investigating whether a century-old tuberculosis vaccine might offer some additional protection against the novel coronavirus. And Bulgaria -- one of the world's leading manufacturers of the vaccine -- is holding out hope of new markets for the many millions of doses it produces each year.
EUR/USD Price Analysis: Range breakout seen on D1 favors move above 1.11
EUR/USD closed well above 1.1019 on Thursday, confirming an upside breakout of the multi-week trading range of 1.0727 to 1.1019. The breakout is backe
MPIC aid to help fight Covid-19 hits P348 Million
Infra conglomerate shows compassion via “Tulong-Kapatid” Makati, Philippines, 26th May 2020 - Donations of key anti-Covid 19 goods and initiatives, namely, food, water, medicines and Personal Protective Equipment (PPE) from Metro Pacific Investments Corp. (MPIC) and its subsidiaries, reached P348 million this week.
Asian shares set to dip in choppy trade over worries about worsening US-China ties; dollar slips, oil prices give up gains
Oil prices gave up some of their gains overnight, as concerns that Trump could impose sanctions on China over Hong Kong and a surprise build in inventories overshadowed a steady improvement in US refining activity
Sales of electric vehicles increase
Portugal has seen sales of electric or hybrid cars increase in the first quarter by 57 percent, compared to the same period in 2019, but associations fear that the trend will fall due to Covid-19.
7 in 10 Australian businesses have seen revenue loss due to the coronavirus, according to new ABS figures
The coronavirus has had a massive impact on Australian businesses.
Giga-tronics Inc. (GIGA) CEO John Regazzi on Q4 2020 Results - Earnings Call Transcript
Giga-tronics Inc. (OTCQB:GIGA) Q4 2020 Earnings Conference Call May 28, 2020 4:30 P.M. ET Company Participants Traci Mitchell - Principal Accounting Officer and
The Toronto-Dominion Bank (TD) CEO Bharat Masrani on Q2 2020 Results - Earnings Call Transcript
The Toronto-Dominion Bank (NYSE:TD) Q2 2020 Earnings Conference Call May 28, 2020, 01:30 PM ET Company Participants Gillian Manning - Head, IR Bharat Masrani -
Food Is Essential, So Sell Naked Puts On Performance Food Group
We love businesses that are essential to humans. Food distribution is one such business, and Performance Food Group is a value play. Selling naked puts against
Amazon Faces A Brand New World
The top end of our fair value estimate range for Amazon stands at $2,465 per share. In this article, we cover our revenue, EBITDA, net operating cash flow, and
Nearly 1 million people now applying for unemployment benefits in North Carolina
The North Carolina Department of Commerce continues to update its statistics regarding unemployment claims filed during the coronavirus pandemic.
Inside Pharrell Williams’ $12M Hollywood Hills mansion with infinity pool and outdoor cinema
PHARRELL Williams has put a second L.A. mansion on the market, three months after putting a Beverly Hills mansion up for sale. The hip-hop star placed the Hollywood Hills home on the market in rece…
Australian pubs face a long road back after lockdown
As the industry toasts the lifting of lockdown laws next week, publicans say bouncing back from the brink is not as simple as pouring a pint.
B.C. looks to staycations to save tourism
Destination BC has produced a draft plan for a June campaign launch if the provincial health officer approves of the next phase of the province’s restart
Ukraine's chief banker: Most of problems on labor market unrelated to COVID-19
The second cause is low productivity.
CBA: Huge fiscal stimulus props up household income
Gareth Aird, head of Australian economics at CBA, has published research on the extent to which household impacts have been supported by the federal government’s stimulus:
Federal Reserve adds just $1bn of new corporate debt to balance sheet
Only modest use made of US central bank’s emergency lending facilities in the past week
Derivatives Data Shows That Even After 150% Rally, Bitcoin Is Far From Topping Out
Over the past few weeks, analysts have said Bitcoin is finally finding a local top.
Investors could look at top-rated company FDs as options shrink
The highest interest rate offered by SBI is 5.4 per cent after the 40-basis point cut.
Paytm Mall in talks for Grofers stake as SoftBank pushes for consolidation
Online retailer Paytm Mall has held talks with e-grocer Grofers for a potential investment, multiple people in the know told ET, adding that the ongoing discussions may even lead to a merger.
Oregon woman buys winning lottery ticket with cash from sewing face masks
"I don't play a lot," said winner Lorna Hewitt, who bought her winning Keno-8 ticket at a grocery store in the town of Sisters.
Stranded in paradise: Hundreds of sailors stuck in Pacific
WELLINGTON, New Zealand — For as long as she can remember, 28-year-old Kristen Pankratz has shared in her dad’s dream to sail around the world. Life somehow always got in the way. But after giving up her advertising job in Dallas, she finally set sail with her parents in January.
The TV commercial, once advertising’s main event, suffers in the pandemic
Before the coronavirus pandemic, the TV networks were expecting a strong 2020. The presidential election and Tokyo Olympics would keep people watching, and companies would spend more than usual on commercial time.
Liquor not a fundamental right, Delhi government
Trade or consumption of liquor is not a fundamental right and the state has the authority to regulate its sale, the AAP government has told the Delhi High Court maintaining its levying 70% ‘special corona fees’ on MRP of all alcohol brands is a price for grant of such privilege to the public.
BookMyShow lays off, furloughs 270 employees
Online ticket booking platform BookMyShow has laid off or furloughed 270 employees as it expects its revenue to be "greatly reduced" in the coming months, hit by the COVID-19 pandemic and lockdown.
Smiley Monroe resumes production at reduced capacity
LISBURN manufacturer Smiley Munroe, which makes heavy-duty conveyor belts and custom-cut rubber parts, has resumed production at a reduced capacity after a two-month covid-enforced temporary closure.
Elderly woman 'unable to get pension after refusing to remove face mask'
AN ELDERLY woman has claimed she was unable to receive her pension from a Post Office because she refused to remove her face mask.
High Court hearing after pub's Guinness delivery service was shut down by PSNI
A High Court hearing is due to take place in Belfast today in relation to the PSNI's move to shut down a Guinness delivery van in the city last month.
Number of FDI projects in Northern Ireland fell last year, but report finds US investors largely unfazed by Brexit
THE number of foreign direct projects in Northern Ireland fell by 15 per cent last year, but a new survey from EY suggests overseas investment should remain relatively resilient despite the impact from coronavirus.
Book your hotel room... But check in whenever
HOSPITALITY chiefs claim the Executive's decision to allow hotels in the north to take advance bookings "at risk" from June 8 but with no definitive dates is "causing confusion - and could lead to job losses on a massive scale".
Nifty view & stock calls by Nilesh Jain of Anand Rathi: Buy Titan, HCL Tech
If Nifty is unable to surpass its previous swing high of 9584.5, we can expect profit booking at higher levels
Renault To Cut Nearly 15,000 Jobs, Alpine A110 Future In Doubt
Renault's plan is to save in excess of €2 billion over three years. It involves reconverting the Dieppe plant at the end of the Alpine A110's production.
The Push to Modernize California Courts Hits a Budgetary Wall
The California Judicial Council's push for a digital courthouse is up in the air as the judiciary faces $216 million in budget cuts due to the viral pandemic.
PARTLY FALSE: First Philippine Holdings 'made P24.6B profit, but only paid P10M income tax'
The P10 million that First Philippine Holdings Corporation paid in income tax is part of a total of P5.175 billion in income taxes that the company and its subsidiaries paid in 2019
Consumer confidence lifts in May but still at record lows - bank survey
Major purchase intentions have improved but over half of respondents expect bad times ahead.
Nissan Shares Fall as Turnaround Spending Leads to Massive Loss
Nissan Motor Co. shares fell as much as 7.7% after the Japanese automaker posted a 671 billion yen ($6.2 billion) net loss for the latest fiscal year due to new restructuring measures and the coronavirus pandemic.
Global stocks slip as markets await Trump's HK response
SINGAPORE, May 29 ― Asia's stock markets pulled back and major currencies were held in check today, as investors await the US response to China tightening control over the city of Hong Kong. China's parliament yesterday pressed ahead with national security legislation for the city, raising fears...
Hunter Business Lions Club donate vouchers to Northern Settlement Services and Nova for Women and Children
Hunter Business Lions Club has donated $800 worth of vouchers to two services that support women, families and migrants in need.
Group faults removal of Mohammed as TCN MD
Nigerian Power Consumers Forum (NPCF) has faulted the removal of Mr Usman Gur Mohammed as the Managing Director, Transmis
Lockdown impact: Economy seen slowing rapidly in March qtr, with worse to come
The full impact of the lockdown on manufacturing and services will become more apparent in the June quarter, with Goldman Sachs predicting a 45% contraction from a year ago.
WTI Price Analysis: Oil eyes record monthly surge
While West Texas Intermediate (WTI) crude's front-month contract has backed off from the 2.5-month highs reached earlier this week due to deterioratin
AUD/USD: Bulls and bears jostle above 0.6600 amid risk-off sentiment
While extending its pullback moves from the intraday low, AUD/USD rises to 0.6638 during Friday’s Asian session. Even so, the Aussie pair manages to f
USD/CNH struggles to hold near to 7.20, bearish bets of weaker dollar play out
USD/CNH has been sent back to a low of 7.1659 on Friday, travelling from a monthly high printed yesterday and a touch below there today at 7.1770 as E
Senator sees US sticking to trade deal with China despite pandemic concerns
U.S. Senate Finance Committee Chairman Chuck Grassley on Thursday said he did not expect President Donald Trump to walk away from a Phase 1 trade ...
Jon Jones goes off on Dana White for ‘lying’ about ‘absurd’ money demand - ‘It’s absolute bullsh*t!’
Jon Jones took to social media to fire off on Dana White, accusing him of lying about the absurd money demand he allegedly requested to fight Francis Ngannou.
Mark Cuban lays out his plan to boost post-COVID economy: 'Give people checks that they have to spend'
Billionaire entrepreneur and Dallas Mavericks owner Mark Cuban told "Hannity" Thursday that the issuing of pre-loaded, federally funded debit cards is the best way to spur consumer demand and boost the economic recovery from the coronavirus pandemic.
OnePlus to make affordable phones again, CEO Pete Lau confirms
Back when OnePlus One was released in 2014, the Shenzhen, China-based company had a vision of bringing excellent phones at the most affordable prices ever known. The strategy worked as they were co…
Novartis to make US researchers' COVID-19 gene therapy vaccine hopeful
Novartis re-entered vaccine making on Thursday, inking a manufacturing deal with a US team whose COVID-19 candidate relies on technology similar to that of the Swiss drugmaker's $2.1 million-per-patient gene therapy, Zolgensma.
Coronavirus: Murrays bus services wait for green light to resume
Temperature checks and masks will be mandatory as the bus company puts in new measures to protect against COVID-19 spread.
Google Rescinds Offers To Thousands of Contract Workers
Google, facing an advertising slump caused by the pandemic, has rescinded offers to several thousand people who had agreed to work at the company as temporary and contract workers. From a report: "We're slowing our pace of hiring and investment, and are not bringing on as many new starters as we had...
Singaporeans can expect to eat out, hit the gym, shop by end-June
Singaporeans can look forward to hitting the gym, eating out and shopping again when the second phase of the “circuit breaker” exit plan happens, which is expected to take place before June ends if COVID-19 transmissions remain low.
Trump violating law by not updating budget, outside experts say
The WHite House decision not to update its budget estimates is against the law, an outside group that advocates for fiscal discipline said Thursday.
Rony Abovitz confirms Magic Leap's new funding, will step down as CEO
Magic Leap has secured new funding to back its plan in building augmented reality tech for business use, but it will eventually move forward with a new CEO as Rony Abovitz is stepping down.
Coronavirus crisis: Renault to lay off 150,000 employees globally
The overall cuts would affect just under 10% of Renault's 180,000 global workforce. The firm has around 48,500 staff in France
Appliance, garment manufacturers, restaurants to be worst-impacted in FY21: CRISIL
Coronavirus impact: E-tail, according to the report will be an exception as e-grocers such as BigBasket and Grofers, online marketplaces such as Amazon and Flipkart have seen a surge in demand and delivering essential items
Capgemini's top executive Thierry Delaporte is new Wipro CEO
Until recently, Thierry Delaporte was CEO of Capgemini Group and a member of its Group Executive Board. He held several leadership roles including that of CEO of Global Financial Services Strategic Business Unit, and head of all global service lines
Stocks to watch: RIL, Voda Idea, Wipro, Voltas, YES Bank, Cadila Healthcare
Here's a look at the top stocks that may remain in focus today
Oil rises about 2% as higher US refinery rates offsets surprise crude build
US crude inventories rose 7.9 million barrels last week, exceeding expectations, due to a big increase in imports from Saudi Arabia, the Energy Information Administration (EIA) says
Naagin 4: Was Nia Sharma Fired Because Of Her Pay Package, 'It's True My Work Comes At A Certain Price'
In a recent interview with an online portal, Nia Sharma who was the face of Naagin 4 talked about her exit from the show which has come to an abrupt end
WATCH: Continuing education for AlphaKids at home
Raya School Co-founder and School Director Ani Almario talks about what parents can do to adapt to the realities of education at home
COVID-19 impact: Get ready for a 15-20% cut in salary offers in UAE
Businesses in the UAE are definitely not in a generous mood when it comes to hiring
New Zealand's most popular holiday home destinations for Queen's Birthday weekend
Despite the weather, Kiwis are heading to the beach.
Former Triguboff lawyer claims he was sacked for refusing to lie
A lawyer suing billionaire Sydney property developer Harry Triguboff alleges he was sacked from his prestigious job for refusing to lie in an affidavit.
COVID-18 Watch: Hotels, airlines look for new revenue streams, hold on to cash to tide over liquidity crunch
Other steps like drastic cost control and a sharp reduction in future supply addition are also in the offing.
Ex-Bellamy's boss Laura McBain joins board of boutique brand Lark
From baby formula to fine foods and now whisky, she has reconnected to Tasmania, as well as wealthy Hong Kong investors.
Waheed Bakare: A clear definition of altruism
We became friends in 2008 when I assumed office as the pioneer Executive Director/CEO of Zakat and Sadaqat Foundation, Lagos,
US layoffs climb to 41 million, despite business reopenings
An estimated 2.1 million Americans applied for unemployment benefits last week despite the gradual reopening of businesses around the country
UK business morale deteriorates to 2008 low in May – Lloyds Bank
According to the latest survey conducted for Lloyds Bank, the UK business confidence hit its lowest since the 2008 Global Financial Crisis (GFC) due t
EUR/USD options market bias has flipped bullish, risk reversals show
On Thursday, EUR/USD one-month risk reversals (EUR1MRR) crossed above zero or flipped bullish to euro calls – the first positive reading since March 1
Tech industry group CEO: 'Amazon is basically providing for the country at this point'
Tech companies have seen increased demand and greater success during the pandemic fallout.
Release salary of FC employees: EJAC
Employees Joint Action Committee on Thursday urged the government to release the pending salary of the employees of Forest Corporation. A statement said
'No oral test for posts up to pay level 5'
J&K government has directed that there shall be no oral test for posts up to and including Pay Level 5 (Rs 29,200-92,300) and the selection for all
$51 million in bushfire donations reveals a big problem with viral Facebook fundraisers
Sadly, the money raised won't be going where some donors thought it would.
Sex beast caged after assaulting sleeping woman at house in East Lothian
Jack McInally assaulted the 21-year-old woman at a North Berwick house in March 2018.
German auto supplier ZF Friedrichshafen to cut up to 15,000 jobs - memo
German car parts supplier ZF Friedrichshafen plans to reduce the workforce by up to 15,000 jobs, or around 10per cent, by 2025 as a result of a ...
Zscaler, Inc. (ZS) CEO Jay Chaudhry on Q3 2020 Results - Earnings Call Transcript
Zscaler, Inc. (NASDAQ:ZS) Q3 2020 Results Conference Call May 28, 2020 04:30 PM ET Company Participants Bill Choi - SVP, IR Jay Chaudhry - Chairman and CEO Remo
EOG Resources: The Three Wise Monkeys
Revenues were $4.72 billion, up from $4.06 billion in the same quarter the previous year. Total production was a record of 874.1K Boep/d, up 13% from last year,
Ross Stores: The Valuation Appears Frothy
ROST quarterly revenue fell over 50% due to knock-on effects of the pandemic. Its cash flow fell hard and could remain challenged until all of its stores are re
Majesco (MJCO) CEO Adam Elster on Q4 2020 Results - Earnings Call Transcript
Majesco (NASDAQ:MJCO) Q4 2020 Earnings Conference Call May 28, 2020 17:00 ET Company Participants Stan Berger - Investor Relations Adam Elster - Chief Executive
Wipro appoints Capgemini’s Thierry Delaporte as new CEO, MD
India Business News: Wipro said it has appointed Thierry Delaporte as its chief executive officer and managing director to replace outgoing Abidali Neemuchwala. Delaporte,
FDI inflows from Cayman Islands into India triples in FY20
The Cayman Islands, which is close to Cuba and was ranked in the study as the most prominent centre for financial secrecy, hosts more than 100,000 companies, a number that outstrips the local population
As Jobs Vanish, Salaried Workers Become Gig Economy 'Partners' With Swiggy, Zomato And Amazon
With a recession on the horizon, workers are turning to the one sector that appears to pandemic proof: home delivery.
Japan bankruptcies seen rising to seven-year high amid pandemic
A global economic slowdown triggered by the COVID-19 pandemic is causing companies to go out of business around the world.
Osaka will let clubs, bars and gyms reopen on Monday
To reopen, the facilities will be required to make a list of customers and introduce a system for the tracking of infected people using QR codes.
Former Triguboff lawyer claims he was sacked for refusing to lie
A lawyer suing billionaire Sydney property developer Harry Triguboff alleges he was sacked from his prestigious job for refusing to lie in an affidavit.
Indian Microlending Firm SATYA MicroCapital Ltd Secures Over $13 Million in Equity Funding from Tokyo’s Gojo & Co.
SATYA MicroCapital Ltd, a fast-growing micro-lending firm based in India, has secured INR 105 crore (appr. $13.85 million) in equity funding from Gojo & Com
MySejahtera App To Implement QR Code Support Next Month
Health director-general Datuk Dr Noor Hisham Abdullah announced that the MySejahtera contact tracing application will implement QR code support on 1 June
US money market funds waive fees to stave off negative returns
Decline in yields on short-term debt prompts action from asset managers
How investors learnt to love the rally in stocks
‘Fear of missing out’ dominates in sweeping ascent as doubters turn into believers
Ping An Voyager Fund Leads Investment in PlusDental to Enhance Modern Dentistry in Europe
HONG KONG and SHANGHAI, May 29, 2020 /PRNewswire/ -- Ping An Insurance (Group) Company of China, Ltd. (hereafter "Ping An" or the "Group", HKEx:23...
EOS completes acquisition of Audacy
Electro Optic Systems Holdings Ltd. of Australia completed its acquisition May 28 of Silicon Valley startup Audacy and announced plans to spend approximately $1.2 billion Australian dollars ($800 million) to create the EOSLink satellite communications constellation.
SoftBank Vision Fund head's pay doubled last year despite massive losses
SoftBank Vision Fund's head, Rajeev Misra, saw his total pay for the past business year more than double to roughly $15 million, even as the fund's under-performance pushed SoftBank to a record operating loss of some $13 billion.
Indian IT to get first non-Indian CEO in Wipro’s Thierry Delaporte
Thierry Delaporte, who will take over as CEO and MD on July 6 replacing incumbent Abidali Neemuchwala, is chairman Rishad Premjis choice to steer Wipro from a decade-long streak of below-par growth that has lagged peers. Rishad took over as Chairman of Wipro from his father Azim Premji last July.
Hyundai signs deal with Sony Pictures – carmaker’s models to feature in upcoming Spider-Man movies
Deals between carmakers and entertainment companies are not uncommon, as the exposure provided to the former can prove to be rather invaluable. For
Epistar 4Q20 operation may turn profitable, says president
Epistar is likely to see operation swing into profitability in the fourth quarter of 2020 if the impact of the coronavirus pandemic eases off in the third quarter, according to company president Chin-yung Fan.
SBP reserves fall $55m to $12.07b
Drop comes on account of external debt repayments
Pakistan to float $1.5b Eurobonds
Move comes after inflow of hot foreign money proved costly
Are low-interest rates making you jittery? Consider P2P lending
Falling interest rate amid coronavirus crisis has impacted income of many investors who depended on debt instruments; those with surplus cash can consider peer-to-peer lending, which is attracting increasing interest from people willing to lend to those in need of short-term financing -- whether individuals or small businesses
Sensex, Nifty stuck in coronavirus storm; should investors expect profit in 2020?
It seems investors are sitting on boundaries in a wait-and-watch mode and traders are reaping gains from the volatility cycle in which the benchmark indices are stuck.
Capgemini COO Thierry Delaporte becomes new Wipro CEO and MD
Neemuchwala will step down as CEO on June 1 while executive chairman Rishad Premji will oversee day-to-day operations of the company until Delaporte takes over on July 6
Wipro gains over 6% after Co appoints Thierry Delaporte as new CEO and MD
Delaporte was most recently the chief operating officer of French consulting and technology firm Capgemini Group.
Wipro shares gain 1% after Co appoints Thierry Delaporte as new CEO and MD
Delaporte was most recently the chief operating officer of French consulting and technology firm Capgemini Group.
TVS Motor shares dip over 3% as March quarter profit plunges 43%
The company said it had successfully transitioned to BS-VI
Government announces €115 million support package for air transport sector
The Greek government on Thursday announced a package of measures amounting to €115 million to support the country’s air transport sector, hit hard by the
UAE job hires - Tech skills are the most wanted
But mid- to senior management positions are worst hit in this downturn, and more to come
Givealittle page raises money for drought-stricken Hawke's Bay farmers
"There is a massive and critical lack of feed, and some farmers are in dire situations, mentally exhausted and trying to keep stock alive."
Merkel Is Seizing Her Chance to Revolutionize Germany's Economy
(Bloomberg) — On a gloomy Friday in March, with the devastation of the coronavirus becoming clear, senior officials in Chancellor Angela Merkel’s government realized that extraordinary measures were needed to shore up Europe’s largest economy.
China, India soak up oil from floating storage as demand recovers
A total of 3.4 million tonnes of crude oil was discharged from floating storage into Asian markets in the past seven days, with China the top destination at 1.8 million tonnes and India second at 842,679 tonnes.
Covid-19 pandemic may create opportunities to deepen India’s engagement with Africa
India could also create a new fund for Africa and adapt its grant-in-aid assistance to reflect the current priorities. This could include support for new investment projects by Indian entrepreneurs especially in the pharmaceutical and healthcare sectors in Africa.
Renault poised to announce 15,000 layoffs worldwide
The overall cuts would affect just under 10% of Renault's 180,000 global workforce. The firm has around 48,500 staff in France.
Google considering taking stake in Vodafone Idea: Report
A deal with Google could be a lifeline for Vodafone Idea, which owes as much as Rs 54,000 crore in adjusted gross revenue dues to the government.
Travel disruptions, cost cutting key issues for US business in China, says report
BEIJING, May 29 ― Global travel disruptions are the top concern for American businesses in China, of which many are cutting compensation and bonuses amid the fallout of the Covid-19 epidemic, according to a report from a business group. Ninety per cent of the 100 or so respondents said they were...
East African Portland Cement To Fire More Employees
The East African Portland Cement Company (EAPCC) has announced fresh lay offs through voluntary early retirement for all employees.According to acting managing director Stephen Nthei, the scheme i
CBN forecasts slower growth, reduces lending rate to 12.5%
Nike Popoola The Monetary Policy Committee on Thursday said the lower growth recorded in the economy in first quarter of 2020 was expected to dip slightly but with combined monetary and fiscal sti...
DMO faults Reps, says lawmakers approved $3.18bn Chinese loans
Ihuoma Chiedozie, Abuja The Debt Management Office has said all the loans collected by the Federal Government from China, which are being scrutinised by the House of Representatives, were approved...
Price crash: NNPC targets $10 oil production cost
’Femi Asu The Nigerian National Petroleum Corporation has said it is looking to drive down the cost of producing a barrel of crude oil to $10 and below in oilfields across the country. The Group ...
Magic Leap CEO Rony Abovitz to Step Down After Company Fails to Deliver
Magic Leap CEO resignation comes weeks after company lays of 1,000 employees and warns of closure without capital injection.
Sacked lawyer sues billionaire Harry Triguboff
Meriton Property Services' former general counsel Joseph Callaghan is suing the company as well as its owner over his dismissal.
ASIC bans ex-Linchpin Capital boss Peter Daly for five years
Two fellow directors have also been banned by the corporate regulator after a failed attempt to keep.
Opera Philadelphia goes online
Over the past five years, Opera Philadelphia has presented no fewer than nine world premieres, scoring multiple awards and winning international audience and critical recognition as 'a hotbed of operatic innovation' that represents 'one of North America’s premiere generators of valid new operas'. Continue Reading →
[People Talk] COVID-19: Should FG reopen churches, mosques?
"I support that FG should reopen churches and mosques. At least we go to market everyday and people move from one place to the other."
Pakistan: Investigators find Rs 30 million in cash in crashed PIA aircraft wreckage
Flight PK-8303 from Lahore to Karachi crashed in a residential area near Karachi International Airport on Friday, with only two passengers miraculously surviving the crash. The investigators have now found Rs 30 million in cash in the wreckage.
Sensex, Nifty fall ahead of GDP numbers; Vodafone Idea jumps 14%
At around 9:30 am, BSE Sensex was trading 259.77 points lower at 31,940.82, while NSE Nifty was down 0.72 per cent at 9,422. By 9:35 am, Sensex was down over 320 points and Nifty was struggling to stay above 9,400.
Pandemic job losses slow down
The pace of job losses is slowing but still extreme, setting the expectation that job loss will still be at a historic high next week.
Wipro names former Capgemini COO Thierry Delaporte as new CEO; Neemuchwala to leave on 1 June
Thierry Delaporte, who will replace Abidali Neemuchwala, was most recently the chief operating officer of Capgemini Group.
Wipro Appoints Capgemini's Thierry Delaporte As CEO, Managing Director
Wipro has appointed Capgemini executive Thierry Delaporte as its chief executive officer and managing director, the company said in a regulatory filing.
Wipro Shares Gain Over 2% On Appointment Of New CEO And Managing Director
Wipro shares gained more than 2 per cent on the BSE on the appointment of Capgemini executive Thierry Delaporte as new CEO and managing director.
FDI into India increased 18 per cent to $73 billion in 2019-20
This will spur job creation, says Union Minister Piyush Goyal
Datalogic Makes Investment in AWM Smart Shelf
The deal positions Datalogic for growth into new technology areas.
How Nail Salons Are Planning to Reopen Amid COVID-19
Nail salons across the country are re-opening with new preventative measures in place.
New Recycling Consortium an Open Call to Curb Textile Waste in Philly
Recycling start-up Retrievr makes an open call to fashion brands to partake in the recycling journey in Philadelphia.
Furla to Open New Plant, Introduce New Store Concept
The Italian accessories company has been streamlining its distribution and raising its positioning.
Brighthouse Financial Inc: A 6.75% Preferred Stock IPO From This Life Insurer
Brighthouse's new preferred stock, BHFAO, is currently trading above its par value. The common stock does not pay dividend, but the company holds almost $9 bill
Stonewalled on mussels
Earlier this month, the Okanagan Basin Water Board reminded the public that the battle against invasive mussels hasn't gone away during the COVID-19 pandemic.
A Brief History of Workplace Design and Where it Might be Headed Next
How workplaces have evolved over the last 50 years and how they might evolve after COVID-19
A Brief History of Workplace Design and Where it Might be Headed Next
How workplaces have evolved over the last 50 years and how they might evolve after COVID-19
'Why are we still struggling?' ask Australia bushfire victims
When the Australian bush went up in flames over the southern hemisphere summer, the world pulled together in support.
GDP Numbers Expected To Show India's Economy Grew At Slowest Pace In 2 Years
Economists expect the fiscal year that began in April will see the worst economic contraction in four decades.
Business Live: Indian shares fall ahead of GDP data; Vodafone jumps
Updates from the world of economy, markets, and finance
Indian Fintech U GRO Capital Partners Global Value Creation Partners to Offer Better Online Lending Services to SMEs
Indian Fintech U GRO Capital, an online lending platform for SMEs, has teamed up with Global Value Creation Partners (GVCP), in order to provide better financin
India’s economy seen slowing rapidly in March quarter, with worse to come
Economists expect worst financial contraction in four decades
Mortgage repayment cliff beckons
A Senate committee has been told that businesses and households have now deferred around $250 billion worth of loan repayments due to the coronavirus pandemic. However, Australian Prudential Regulation Authority (APRA) chairman Wayne Byres conceded that some customers will not be able to repay their loans when they are required to resume repayments:
BBVA calls for easing of coronavirus restrictions
Spanish bank’s chairman Carlos Torres says move is needed to kick-start economy
Pandemic accelerates desire to pass down wealth
Fear over potential tax rises leads to a rise in people gifting assets to family members
Will London’s newest skyscraper become a monument to the market peak?
Demand across the sector has plummeted as businesses look to cut costs and rethink how staff work
Row over N50b AMCON’s bailout, new loans for aviation
The Asset Management Corporation of Nigeria (AMCON) yesterday disclosed that it injected N50 billion to stabilise the operations of the aviation sector between 2012 and 2020.
Nigeria better today, presidency insists
The presidency yesterday insisted Nigeria is better today than it was when President Muhammadu Buhari took over the reins of government on May 29, 2015.
‘Oil revenue may drop further to 25 per cent of budget’
With Nigeria’s revenue from oil and gas dropping by N425.52billion in the first quarter (Q1) of 2020 to N940.91billion, according to the Minister of Finance, Budget and National Planning, Zainab Ahmed
Should we fear post-pandemic inflation?
Inflation could well go through a yo-yo effect, as is already happening with other economic indicators.
India’s key growth engine grinds to halt in sign of slump
Businesses providing services of everything from technology to travel and trade were the first to be hit by lock down. Unlike manufacturing-heavy economies like China and South Korea, in India, the services sector accounts for 55% of gross domestic product -- and the slump in output has had ripple effects on jobs and economic growth.
Travel disruptions, cost cutting key issues for U.S. business in China
Ninety percent of the 100 or so respondents said they were affected by such disruptions, up from 77% last month, according to a monthly survey on the impact of COVID-19 by the American Chamber of Commerce in China, released Friday.
Voda Idea jumps 35% on reports Google eyeing 5% stake in telco
For a 5 per cent stake, Google will have to shell out $110 million.
Everything shoppers will be banned from doing when stores reopen
Rules and restrictions will be in place for stores and shoppers
Covid-19 crisis to trigger 20% fall in FDI
The State is now in eighth spot in a ranking of most attractive European locations for FDI
If you injure yourself working from home, is your employer responsible?
Laws governing safety at work apply to all workplaces, no matter where they are
Covid-19 crisis to cause FDI investment to the Republic to fall by 20% this year
The State is now in eighth spot in a ranking of most attractive European locations for FDI
Australian Small Business and Family Enterprise Ombudsman Kate Carnell answers your questions
Small businesses are hurting, but stepping up to play their part in the nations post-COVID recovery. Australian Small Business and Family Enterprise Ombudsman Kate Carnell was online today to answer readers questions.
Wall Street has billions to lose in China from rising strain
Five big US banks had a combined $70.8 billion of exposure to China in 2019.
Coronavirus impact: Govt needs to act before COVID-19 slaughters the Rs 1 lakh crore Indian poultry industry
Poultry industry supports over 25 million farmers and employs over five million directly and indirectly in allied fields
Kia Motors to invest additional $54 million in Andhra plant despite COVID-19 pandemic
Kia had earlier said the company has a long-term commitment to the Indian market and invested USD 1.1 billion in the manufacturing plant at Anantapur
Unexpected joy! - Families welcome Ignite IGL Foundation care packages
AS THE residents eagerly filed on to the compound at the Riverton Meadows Early Childhood Centre, the overcast skies contradicted the buzz of excitement and the lively chatter on the ground. Representatives from the Jamaica Red Cross and the Ignite...
Work from home set to become new norm for BPO sector
WESTERN BUREAU: Some of the leading developers of space in western Jamaica are now taking a wait-and-see attitude towards the COVID-19 sparked work-from-home (WFH) arrangement, which some outsourcing firms are expressing an interest in expanding....
Rain Industries surges 17% on healthy operational performance in March qtr
The company's Ebitda margin expanded 780 basis points to 19.3 per cent from 11.5 per cent in the year-ago quarter.
California Senate Rejects Governor Newsom’s Call for Cuts
The California State Senate rejected Governor Gavin Newsom’s proposed budget cuts to sectors like education and healthcare Thursday, instead seeking to draw down more reserves, raise taxes on certain industries and borrow against the future to make up an estimated $54 billion shortfall.
PLDT: No record of data being downloaded from company's support account
While hackers could have hypothetically grabbed data from PLDT's support Twitter account, the company says there's no record of customer data being downloaded from it
India's Wipro names new CEO; Thierry Delaporte to take over July 6
Thierry Delaporte to join from Capgemini and will be based in Paris
European coffee giant brews a strong IPO
JDE Peet's shows that coffee is a good mix to have in a virus-struck marketplace
Wale Jana sends heartfelt apology to his investors
Embattled business man and CEO of Sapphire Scents, Wale Jana has taken to social media to apologize to his investors, as he submits himself to an independent recovery plan. Wale Jana’s business crumbled and investors’ money
Fears for several fashion stores after PAS Group enters voluntary administration
PAS Group, which owns a number of big name fashion brands including Review and Jets Swimwear, has entered voluntary administration. The company announced the news in a release to the ASX on Friday…
UK business confidence matches 2008 low in May - Lloyds Bank
LONDON — British business confidence fell to its lowest since the 2008 financial crisis in May, according to a survey for Lloyds Bank which contrasts with other surveys which have shown a small improvement since the initial shock of the coronavirus lockdown.
Reveal Group is First and Only Partner to Achieve Blue Prism "Double Platinum" Capability Certification
Company Sets New Standard for Intelligent Automation Delivery CapabilitiesNEW YORK & SYDNEY — Reveal Group, a global leader in Robotic Process Automation (RPA) and Intelligent Automation deployments, today announced that it has been recognized by Blue Prism (AIM: PRSM) as the first and only certified Double Platinum Capability and Delivery Provider in the world.
Seplat targets more acquisitions as shareholders get $59m dividends
Seplat Petroleum Development Company Plc remains a resilient business with strong balance sheet to acquire more oil and gas assets and ensure sustainable...
Tribute to Waheed Bakare - The Nation Nigeria
My tribute to Waheed will not be completed if I do not mention that he was humane, kind-hearted and generous. Many people have wrong impression....
Stocks slip as markets await Trump’s HK response
MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.3%. The Nikkei retreated from a three-month high and, though moves were slight, riskier currencies were under pressure against the US dollar.
Rupee rises 11 paise to 75.65 against US dollar in early trade
The rupee opened at 75.71 at the interbank forex market and then gained further to 75.65, up 11 paise over its last close.
Virtual marketplace helps firms sell wares online
Businesses adapting to lockdown can now sell their products directly to customers online through a virtual marketplace.
Can’t afford a real one? How about Lego’s RM1.6K Lamborghini Sian FKP 37 instead
For most of us, owning a Lamborghini—any Lamborghini—is a dream that’s destined to stay that way. The Sian FKP 37 was announced towards the tail-end of 2019, the first supercapacitor-based hybrid V12 from the Italian supercar makers, at a mouth-watering price of US$3.7 million (~RM16 million).
How our very richest tripled their fortunes in a decade
Two macro themes have helped to deliver an extraordinary jump in the fortunes of our richest Australians.
Origin turns to gaming to fend off disruption
Origin Energy has teamed up with a computer game platform to offer customers rewards, one of several innovation strategies to keep ahead of a rapidly changing market.
New heat seam machine for sealing PPEs launched
At a time when the country was battling the spread the coronavirus pandemic, which has affected the economy, three garment firms in Tiruppur along with an engineering industry have come up with a new heat seam sealing machine used for sealing PPE units under Prime Minister Narendra Modi's Atma Nirbhar scheme. Continue Reading →
Monguno’s accusers do not wish Niger Delta region well — CNDC
A group, Coalition for Niger Delta Cohesion (CNDC), hs berated attempts by some elements in the Niger Delta region to cast aspersions on...
S&P: Indian economy will shrink by 5% in FY21 due to coronavirus crisis
In its latest report, S&P Global Ratings predicted India’s economy to contract 5% in the current fiscal year (FY2021), as the coronavirus pandemic con
Forex Today: Dollar dives, decoupling from stumbling stocks ahead of Trump's Chinese announcement
Here is what you need to know on Friday, May 29: The US dollar remains on the back foot, with EUR/USD topping 1.11, despite a worsening market mood re
NZD/USD faces a tough barrier around 0.6230 – UOB
NZD/USD should clear the 0.6230 region to allow for the continuation of the uptrend, suggested FX Strategists at UOB Group. Key Quotes 24-hour view: “
Italy's credit agency SACE approves state guarantees for FCA US$7 billion bank loan: source
The board of Italy's export credit agency SACE has approved state guarantees covering 80per cent of a 6.3 billion euro (US$7 billion) bank loan ...
ViacomCBS slashes up to 400 jobs as part of merger restructuring: source
ViacomCBS Inc is cutting up to 400 employees across CBS as part of its plan to save US$750 million from its merger with CBS, a source familiar ...
US indicts North Koreans, Chinese over money laundering
WASHINGTON, DC: The US Justice Department indicted 28 North Koreans and five Chinese on Thursday (May 28), for operating a money laundering ring ...
Dell beats revenue estimates as remote working lifts workstation demand
ROUND ROCK,Texas: Dell Technologies Inc beat analysts' estimates for quarterly revenue on Thursday (May 28), boosted by demand for its ...
Dell beats revenue estimates as remote working lifts workstation demand
Dell Technologies Inc beat analysts' estimates for quarterly revenue on Thursday, boosted by demand for its workstations from companies moving ...
The Topsy-Turvy S&P 500 Earnings Picture
I am hard-pressed to see how S&P 500 earnings in this frustrating pandemic will only fall to $125 in calendar 2020. The once hoped-for V-shaped recovery has giv
U.S. Stock Market Regains Lead As Top Global Performer For 2020
The leadership switch knocked China's equity market to second place at the close of trading in the U.S. on Wednesday, May 27. After leading SPY on a year-to-dat
India’s key growth engine grinds to halt in sign of slump
India Business News: From call centers to hotels to airlines, India’s key services industries have come to a standstill during the coronavirus outbreak, dragging the econo
EU agency: tracing apps must respect fundamental rights
A report on Thursday by the Fundamental Rights Agency (FRA) urges EU governments to respect fundamental rights when using contact-tracing apps to curb the spread of the coronavirus. It also calls for open-source solutions to enhance transparency and confi...
Euro Outshines Pound Sterling and Dollar as Investors Cheer EU Progress on Coronabonds
A fundamental shift in sentiment for the better towards the European Union has been reflected in a steady demand for euros over the course of the past two days, ensuring the single currency's outlook against peers such as the British Pound and U.S. Dollar has improved markedly
Buhari submits Nigeria's budget to parliament
The proposal sent to both chambers of Parliament on Thursday is only marginally lower than the record 10.59 trillion naira budget approved in December by Buhari. It follows the inclusion of new items,
Nissan falls behind rivals in industry's critical transitional period
Nissan Motor Co.'s business downturn may be causing a costly delay in the global race toward new mobility technologies, analysts say.
Wipro appoints Thierry Delaporte as new CEO and MD
Wipro's 3-month old leader hunt comes to an end
Carmageddon awaits unless work from home continues
With social distancing likely to be the norm over the next two years, the notion of sardine-packing residents into trains, buses and trams is obviously no longer viable if Australia is to contain outbreaks of COVID-19.
Jobs promise as Marston’s joins forces with Carlsberg
Jobs are likely to come to the West Midlands as it becomes the headquarters of a major new UK brewing operation.
Almost half a million Australians will have their robodebts refunded
The federal government will refund $721 million recouped from 470,000 people through the controversial “robodebt” scheme. Under the contentious “robodebt” program, welfare r…
Rupee rises 7 paise against the US dollar; all eyes on GDP data
“For the day, we expect volatility for the rupee to be confined to a narrow range of 75.40 and 76.20,” MOSL said.
Lupin Q4 results: Net profit rises 35% to Rs 390 crore
Consolidated income from operations of the company stood at Rs 3,791 crore for the quarter under consideration as against Rs 3,807.02 crore for the same period year ago.
With 'Main Street' in view, Fed weighs risks of job, productivity shocks
WASHINGTON (Reuters) - U.S. Federal Reserve officials have talked broadly about helping households and firms through the current economic crisis and quickly unleashed trillions of dollars in cash and credit guarantees to build a “bridge” to the post-pandemic world.
Debate over $600 in jobless aid to intensify as claims rise
The $600 in federal benefits was added as a way to replace all of an average worker’s lost income.
Firms must pay 20 per cent of wages for furloughed staff from August, Rishi Sunak will say today as he starts to wind down massive bailout despite fears of a wave of redundancies
Chancellor Rishi Sunak will declare that businesses should start taking some of the burden despite fears of a wave of redundancies.
The London flat a raffle firm is STILL struggling to give away: East End property will now come with a £30k Land Rover - but ticket sales are still way off target
A property raffle has added a £30,000 car to its original prize pot of a £500,000 London flat in a bid to tempt more customers to purchase tickets.
Covid-19 may cause hunger, famine, $8.5 trn loss in global output: UN chief
Guterres told the high-level meeting that the UN is asking for immediate, collective action in six critically important areas to deal with the crisis
Auto index outperforms benchmark Sensex for second straight month
In the past two months, M&M has rallied 55%, while Hero MotoCorp soared 46% followed by Escorts (up 37%) and Bajaj Auto (up 32%)
China-led AIIB approves $750-million loan for PH's virus response
The loan from the Beijing-based multilateral lender will be used to increase the Philippines' testing capacity and provide conditional cash transfers to poor households
French carmaker Renault to take extreme measures on costs, cuts 14,000 jobs
Top official admits that manufacturer had been spending way too much, plans 10% job cuts
Non-essential shops to reopen: What shops will it include and when will it happen?
The government has unveiled a full list of the shops which will be allowed to reopen in England under new guidelines from 15 June. The measures are part of the second phase in Boris Johnson’s roadmap
Neimeth’s share price rises by 114.6% in 2 months
Neimeth International Pharmaceuticals Plc’s share price rose by 9.57 per cent to N1.03 per share on Thursday at the Nigerian Stock Exchange (NSE)....
Access Bank plans more loans for health care - The Nation Nigeria
Access Bank Plc is set to disburse loans through the Central Bank of Nigeria (CBN) credit support scheme to boost the pharmaceutical and healthcare...
91-year-old woman from city’s Sector 15, six others from Bapu Dham Colony test positive
The 91-year-old’s son says family cannot foot the bill for Covid treatment at Max.
Jobless students stranded in Australia turn to handouts
MELBOURNE, May 31 — Australia wooed hundreds of thousands of international students to its shores with the promise of a first-class education and fun-kissed adventure, but the coronavirus crisis has left many jobless and depending on food handouts. Each day up to 100 students from Asia, Latin...
Rising US job losses stoke fears of lasting economic damage amid pandemic
The numbers are extraordinarily high by historical standards, economists have warned.
Lagos BRT increases fares by 50%
Samson Folarin Due to the impact of the COVID-19 pandemic, Primero Transport Services Limited, operators of the Bus Rapid Transport, have said fares will increase by about 50 per cent. The compan...
Claims about re-allocation of Niger Delta resources to northeast are false - CNDC
The CNDC in a statement signed by its convener, Ebiowei ThankGod on Thursday, May 28, said the allegation is an attempt by mischief makers to demean NSA Monguno
Budget deficit hits $40b and still rising
The federal budget deficit had blown out to $40 billion by the end of April, as coronavirus emergency spending began to kick in and tax revenue was squeezed.
Employers slam Victorian Premier's office lockdown
Daniel Andrews has banned workers from returning to offices until at least July.
Poland: NBP surprising cut leaves room for the zloty to weaken – TDS
The NBP has again surprised the consensus by cutting rates by 40bps to 0.1%, economists at TD Securities apprise. EUR/PLN trades at 4.4563 after risin
WTI struggles to cheer USD weakness, drops 1.40% in Asia
WTI seesaws around $33.35/40 during the early Friday’s trading session. The energy benchmark seems to fail in cheering the US dollar weakness amid fea
Ruling on plea of sugar mill owned by Sharifs reserved
The plea pertains to the SECP's non registration of the mill's shares.
Pandemic puts 86m children at risk of poverty: study
Save the Children and Unicef say nearly two-thirds of affected children live in sub-Saharan Africa, South Asia
Wipro shares gain nearly 4% on Thierry Delaporte’s appointment as CEO, MD of company
Shares of Wipro on Friday jumped nearly 4 percent after the company announced the appointment of Capgemini Group veteran Thierry Delaporte as its Chief Executive Officer and Managing Director, effective 6 July, 2020
French carmaker Renault announces 15,000 job cuts worldwide
PARIS — Struggling French carmaker Renault on Friday announced 15,000 job cuts worldwide as part of a 2 billion-euro cost-cutting plan over three years.
COVID-19: AMCON seeks aviation sector bailout - Premium Times Nigeria
The Asset Management Corporation of Nigeria (AMCON) has asked the federal government to bailout the aviation sector...........
Energy Transfer: Showing The Strength Of The Midstream Model
Energy Transfer saw its results impacted by the coronavirus outbreak but they overall held up okay. The company has a reasonably strong customer base that shoul
Southwestern Energy: Bullish On Gas Prices, But Clarity On 2021 Hedges Needed
The natural gas markets are poised to rally substantially, as production is declining, while the summer is expected to be abnormally warm. SWN follows a rolling
Bill Clinton rebuffs claims he partied with Epstein on the billionaire’s ‘Pedophile Island’
Bill Clinton has shot down claims he visited Jeffrey Epstein's notorious 'Pedophile Island', as new documentary names him and Prince Andrew
Stephen Mayne: Time for the Murdochs to sell out of News Corp
Rupert Murdoch needs to put up money to support Australian journalism, or be forced to sell the company, Stephen Mayne argues.
The Govt Just Axed Its Fucked Robodebt Scheme & Is Now Refunding A Casual $721 Million
The Australian Federal Government has today announced that they will refund the $721 million worth of funds recouped by the robodebt scheme.
London buses to resume front door boarding
The process will be phased back in at the weekend.
Renault to cut 15,000 jobs
French carmaker Renault said Friday it will cut 15,000 jobs worldwide as part of a 2 billion-euro ($2.2 billion) cost-cutting plan, as a brutal drop in industry sales during the pandemic worsened the company's pre-existing problems.
CMC makes ‘anti-Covid divider’ for PUVs
Centro Manufacturing Corp., a truck body builder, is now producing dividers for public utility vehicles to help prevent the spread of the coronavirus disease 2019 in public transportation.
Measure vs. pandemic threats to FIs approved
A bill seeking to strengthen the resiliency of the country’s financial industry has gained traction with its second reading approval in the House of Representatives.
The Government Will Refund Millions Of Dollars To People Affected By Robodebt
Around $721 million is expected to be refunded to people who were affected by the government's disastrous robodebt scheme.
People Are Livid At The YouTuber Who Secretly ‘Rehomed’ Her Adopted Son With Autism
Myka Stauffer is in hot water after she released a video revealing that she secretly rehomed her adopted son with autism that she had built her brand on.
London buses to resume front door boarding
The process will be phased back in at the weekend.
External borrowings to rescue as Senate cuts 2020 budget to N10.509 trillion
The Federal Government yesterday changed the earlier plan of drastically slashing the 2029 passed budget of N10.594trillion to N9trillion by reducing it with just about N85billion through a new proposal of N10.509trillion .
Virus tolls surge in Americas as Europe reopens
The death toll from the coronavirus has spiked again in the United States, and Latin America's pandemic crisis deepened, as Europe's reopening from lockdown continued.
Capital Iron building part of 6.7 acres bought by Reliance; store to keep operating
Reliance Properties, which was behind the transformation of the Janion building on Store Street, has picked up nearly seven acres of downtown Victoria, including the site of the Capital Iron . . .
Letters May 29: Play nice; think of others; WorkSafe investing
Amid the pandemic, please play nice The COVID-19 pandemic has resulted in people being grumpy, rude and downright nasty. Drivers run red lights and stop signs, people in stores get all upset if . . .
Multi-use trail touted for E&N line
Developing a multi-use trail along the length of the old E&N corridor would benefit cycling commuters, boost tourism and small business and cost far less than reviving a defunct rail service, . . .
Save-on-Foods ends hazard pay for staff, other grocers continue it
Essential service workers in the grocery sector receiving extra pay during the pandemic will be watching their paycheques in the coming weeks as companies re-evaluate how they compensate employees.. . .
Capital Iron building part of 6.7-acres bought by Reliance; store to keep operating
Reliance Properties, which was behind the transformation of the Janion building on Store Street, has picked up nearly seven acres of downtown Victoria, including the site of the Capital Iron . . .
How to use the toilet at a friend's house under new lockdown rules for England
The rules across England will change from Monday
Surge in rats across UK as 45 per cent more of us call pest control
According to Rentokil Pest Control, there was a 79% increase in traffic to its “signs of rats” webpage in April
Coronavirus impact: Volkswagen rolls out customer-centric financial schemes
Volkswagen India has introduced leasing and finance options for customers who are interested in buying a Volkswagen product.
India's economy seen slowing rapidly in March quarter, with worse to come
Gross domestic product data out later on Friday is expected to show India’s economy grew at its slowest pace in at least two years in the March quarter as the coronavirus pandemic weakened already declining consumer demand and private investment.
Wellness company to create 100 jobs with Cork City plant
Doterra’s European manufacturing HQ will be located in the northern suburbs of the city
Stick or twist? Investors face coronavirus-induced property dilemma
LONDON (Reuters) - The coronavirus pandemic has emptied offices and shuttered shops but filled warehouses and highlighted demand for work-from-home spaces, leaving investors wondering if they should flee real estate or double down on their bets.
Barbershops, gyms, restaurants to be reopened in modified GCQ areas, says Secretary Lopez
Areas in the Philippines which will be downgraded to the modified general community quarantine (GCQ) will witness the reopening of businesses such as salons, gyms, and barbershops, Trade Secretary Ramon Lopez said today in an exclusive interview...
How private equity is a risky play for the economy and jobs
Beyond the stock market and big banks, one of the biggest players in the economy operates with no regulation and an often-destructive track record.
Worley to provide EPC services for consumer-plastics-to-BTX plant in U.S.
Worley (North Sydney, Australia) will provide engineering, procurement, and construction (EPC) services for Encina’s (Houston) consumer-plastics-to benzene
UK Business Confidence Lowest Since 2008 Despite Easing of Lockdown, Top Bank's Survey Finds
The UK government has announced a lockdown exit strategy that will allow most businesses to reopen throughout the summer, but the number of firms that anticipate laying...
Wipro share price gains nearly 6% after Thierry Delaporte named new CEO and MD
Wipro share price climbed 5.6% to the day's high of Rs 210.5 on the BSE against the last closing value of Rs 199.30. Volume-wise, 18.8 lakh and 162 lakh shares were trading on BSE and NSE counters, both above the 5, 10 and 30-day average
India's lockdown strictest; economic impact to be deeper than other countries: Jefferies
A US investment bank report says India's detection rates have also climbed lately and doubling rate has plateaued at ~13-day level; medical infra is now getting stretched in certain cities, with hospitals at 100 per cent plus capacity utilisation in Mumbai, says report
Capital flows running out of steam as DIIs taper after FPIs
After some relief was seen in April when the pace of FPI selling eased as central banks across the world announced stimulus packages, both local and foreign investors seem to have run out of steam.
Spykar Lifestyles makes a return to the new normal; resumes operation in 37 stores
The company which in all runs 350 stores across the country, claims to have got 45-55% of its business back
Reservation period for special trains increased to 120 days: Indian Railway
The changes will be implemented from May 31 onward, according to Indian Railways
MWSS says consumers in Metro can pay water bills in staggered amounts
To avoid bill shock, the Metropolitan Waterworks and Sewerage System says the public can settle their accounts 'in drops'
How the North East can build back better after coronavirus
In the final part of our series for the Passionate People, Passionate Places campaign, we ask business, political and charity leaders on how the region can return better after the coronavirus outbreak
Notting Hill reeling after bodies identified as mother and son
Two people found dead at a home in Notting Hill in Melbourne's south-east were a mother and son.
Buhari seeks Senate’s approval for $5.513b external loan
The Federal Government also intends to borrow Euro 995million from the Export-Import Bank of Brazil to support Green imperative and enhance the....
China ahead of India in South Asian trade and investment
The Island / ANN China has made inroads into South Asia by bolstering trade and investment with Nepal, Afghanistan, the Maldives, and Sri Lanka, and this mainly reflects the region’s strategic importance for China’s Belt and Road Initiative (BRI), particularly the smaller South Asian countries, says a new study.
Men Hired For Sexual Fantasy Arrested After Breaking Into Wrong House Armed With Machetes
In a sex fantasy gone wrong, two men were arrested after they broke into the wrong house The two men who had been hired for the sexual fantasy were armed
Scrapping of 7.75% savings bonds to hit savers, pensioners
According to fund managers and analysts, the 7.75 per cent Savings (Taxable) Bonds, 2018 was the favourite investment option for savers and pensioners who considered these bonds as safe and generating adequate returns.
Be sympathetic regarding fee payment, consider alternative options: UGC to colleges
Students and parents claim that several colleges and higher education institutes are 'insisting upon immediate payment' of the annual fee and exam fee among other payments.
Tokyo stocks close lower on US-China tension
TOKYO, May 29 ― Tokyo stocks closed lower today, snapping a four-day winning streak, with investor sentiment dampened by rising US-China tensions over Hong Kong. The Nikkei 225 index slipped 0.18 per cent, or 38.42 points, at 21,877.89. Over the week, the key index rose 7.31 per cent. The broader...
Go-go bars gone as coronavirus hits Bangkok's sex district
BANGKOK, May 29 — The black leather party masks that performers May and Som wear for their fetish shows in Bangkok are definitely not the sort to stop the coronavirus. Behind closed doors, they practise for the day when health restrictions are lifted and tourists return, but they have no idea...
Volkswagen invests €2b in Chinese electric vehicle sector
BEIJING, May 29 ― Volkswagen said today it will invest around €2 billion (RM9.65 billion) in two Chinese companies in the electric vehicle sector, calling it “the world's biggest market”. The German car giant said it will take a 50 per cent stake in JAG ― the parent company of state-owned...
Yen perks up, dollar sags as markets jittery before Trump speaks on China
TOKYO, May 29 ― The yen rose against major currencies today as caution ahead of US President Donald Trump's press conference on China's treatment of Hong Kong triggered safe-haven inflows. The dollar drifted lower against the euro and the British pound but could quickly reverse course amid...
Investors fear cryptocurrency CEO accused of stealing millions could be on the run
A man accused of stealing millions from Bitcoin investors appears to have made a run for it.
Ken Talbot's widow seeks $45m in damages over will
Amanda Talbot, widow of the late Queensland mining magnate, is suing lawyers over the handling of his estate, claiming it has cost her "hundreds of millions of dollars".
ASX climbs 4.2pc in May as fallen stocks find favour
A miraculous late run for the banks lifted the ASX from a mediocre month to sharp rise, adding to a rebound for mining, tech and restrictions-hit companies.
Court rules Bendigo Bank small business loans were 'unfair'
Federal Court finds Bendigo Bank breached unfair contracts provisions after ASIC probe, in a ruling that will apply to all lenders across Australia.
How coronavirus is reshaping the mobility industry, from EVs to supply chains
The current crisis is first and foremost humanitarian, with 300k casualties to date worldwide and massive joblessness. It is also economic, with almost all companies having financial difficulties and many collapsing. However, a few sectors are currently booming (e.g. deliveries), some will benefit from a crisis-induced tailwind, while others will continue to suffer for years […]
New Zealand near eradication, but virus has grim global hold
In the U.S., the virus threw more than 2 million people out of work last week despite the gradual reopening of businesses, stoking fears the scourge is doing deep and potentially long-lasting damage to the world's largest economy.
GWM announces senior leadership for its Indian subsidiary
Auto manufacturer GWM has announced the appointment of James Yang as president for its Indian subsidiary. The company has also appointed Parker Shi as managing director for the Indian subsidiary. Continue Reading →
(Images) Gorgeous Nike & LFC training kit with pink features leaked online
There has been an avalanche of leaks in the last few weeks of Liverpool’s new Nike attire, and the latest nugget will surely interest a great number of fans. Footy Headlines, known for their accura…
When are the Eurozone Preliminary CPIs and how could they affect EUR/USD?
Eurostat will publish the first estimate of Eurozone inflation figures for May at 0900 GMT this Friday. The headline CPI is anticipated to come in sof
BoC: The most depleted stockpile of monetary policy ammo any modern governor has inherited – NBF
Warren Lovely and Taylor Schleich from the National Bank of Canada offer up some high-level commentary on how certain conditions evolved under Poloz’s
EUR/USD: Four reasons for a correction
EUR/USD has hit 1.11 – the highest since March – amid hopes for EU stimulus, dollar weakness but the sharp run may be followed by a temporary rethink
USD/JPY drops to near 2-week lows amid escalating US-China tensions
The USD/JPY pair dived to near two-week lows in the last hour, albeit managed to find some support ahead of the 107.00 round-figure mark. Having repea
USD/CNH: Extra gains need to clear 7.2000 – UOB
According to FX Strategists at UOB Group, USD/CNH’s outlook remains positive and is expected to climb further on a breakout of the 7.20 level. Key Quo
US Dollar Index drops to 2-month lows near 98.20 ahead of Trump
The greenback faces extra selling pressure at the end of the week and is forcing the US Dollar Index (DXY) to recede to fresh 2-month lows in the 98.2
VW spending $2.2B to expand in China's electric car market
Volkswagen is spending 2 billion euros ($2.2 billion) to expand its presence in China's electric car industry in the biggest foreign investment announced since the country's economy began to reopen following ...
COVID-19: ICPC commences investigation into distribution of funds, palliatives
The anti-graft agency, ICPC, says it has commenced investigations into alleged cases of corruption in the management of COVID-19 funds and palliatives.
Exclusive: Argentina says new debt revamp proposal in right direction, still falls short
Argentina's economy minister said on Friday that a newly received debt restructuring proposal from two creditor groups was a step in the right ...
Renault to cut 15,000 jobs in US$2.2b cost cutting plan
PARIS: French auto giant Renault plans to cut around 15,000 jobs worldwide, including 4,600 in France, as part of a two billion euro (US$2.2 ...
Sainsbury's new boss Roberts faces unexpected in-tray
When Sainsbury's new boss Simon Roberts hosts a virtual focus group with supermarket shoppers on his first day in charge on Monday, the ...
The Time For The Soybean Bull Market Has Not Come Yet
The current soybean futures price is at the minimum of its five-year range. The first USDA forecast allows us to hope that the U.S. soybean ending stocks will d
Hostel owner Safestay positive it can welcome back guests under new plans
London-listed hostel owner Safestay has said it plans to reopen over the course of the year but with major changes to the experience for customers, the company said.
Property investor IPUT increases revolving credit facility by €50m
IPUT, one of Ireland's largest institutional property investors, has increased its revolving credit facility (‘RCF’) by €50m to €300m.
Notting Hill reeling after bodies identified as mother and son
Two people found dead at a home in Notting Hill in Melbourne's south-east were a mother and son.
Harbhajan Blames 'Power Hungry' China For Spread of Coronavirus
Harbhajan also said that China is now happily making money by selling PPE kits and masks to the world.
How automated communications can enhance customer engagement & brand loyalty [Sponsored]
Technology can drive dynamic content campaigns, at scale, while marketers embrace a more strategic role. Marketers have long since identified the importance of strategic...
UPS Adds Peak Delivery Surcharge To Manage eCommerce Demand Amid Pandemic
UPS will charge an extra fee for companies shipping certain amounts of packages.
French carmaker Renault announces 15,000 job cuts worldwide
The group's global production capacity will be revised from 4 million vehicles in 2019 to 3.3 million by 2024, the company said. "The difficulties encountered by the group, the major crisis facing the automotive industry and the urgency of the ecological transition are all imperatives that are driving the company to accelerate its transformation," it said in a statement.
India, US could strike a 'smaller' trade deal in the coming weeks: Indian envoy
The two countries have been negotiating a trade package to iron out issues and boost two-way commerce.
India may see a trade surplus after 10-12 years; to keep currency stable: Prashant Jain
‘Sectors where the fixed costs component is higher will be hit sharply
We’ll probably lose 1-2 years of our economic life to Covid: Indranil Sengupta
‘Indias GDP may contracts 1.3 per cent in benign case, and go up to minus 5 per cent in worst case
Renault to cut 14,600 jobs worldwide and lower capacity
Cost reductions aimed at outlasting the downturn that has rocked the auto industry
Travel disruptions, cost cutting key issues for U.S. business in China: report
BEIJING (Reuters) - Global travel disruptions are the top concern for American businesses in China, of which many are cutting compensation and bonuses amid the fallout of the COVID-19 epidemic, according to a report from a business group.
Taiwan analog IC firms to post revenue growth in 2020
Taiwan-based analog IC suppliers, pinpointed as among the beneficiaries of US-China trade tensions, are expected to post impressive revenue results for 2020 despite coronavirus headwinds, according to industry sources.
Pandemic hit to Japan's factory, retail sectors deeper than expected; jobless rate up to 2.6%
Japan's April factory output fell at a much faster-than-expected pace and retail sales tumbled the most in more than two decades as a coronavirus-triggered state of emergency dealt a heavy blow to the economy. Global activity ground to a halt in April as government-imposed lockdowns due to the pandemic disrupted…
Tokyo shares snap 4-day winning streak amid U.S.-China tensions
Tokyo shares fell Friday, with both the benchmark Nikkei and Topix indexes snapping their four-day winning streaks, amid concern about worsening U.S.-China tensions over Beijing's new security law that Washington says will undermine the autonomy of Hong Kong. The 225-issue Nikkei Stock Average ended down 38.42 points, or 0.18 percent,…
ACT govt rules out business loans and grants, hospitality package welcomed
Chief Minister Andrew Barr says assistance for other ailing sectors is being considered.
Robinhood Names Surabhi Gupta as VP of Engineering
Robinhood has expanded its Engineering team with the appointment of Surabhi Gupta, who has been named as the Vice President of Engineering.
Breaking: SC of The Bahamas to Implement Massive Regulatory Changes
The Securities Commission of The Bahamas is set to implement a range of new regulations, including leverage restrictions and banning binary options.
Tesla CEO Elon Musk gets $700 million in first performance-based payout
Tesla has awarded its CEO, Elon Musk, with the first out of 12 performance-based payouts — and it’s worth over a whopping $700 million.
Indian Motorcycle files trademark for two new names
Indian Motorcycle has filed trademarks for two new potential models: Indian Pursuit and Indian Guardian. Click here for more details.
Arrowhead and Exemplar deliver better than expected results
But Covid-19 presents risks for the property sector.
Novavax to buy Serum Institute plant to produce 1 billion COVID-19 vaccine doses
While experts have predicted that a shot will likely take 12-18 months to develop, vaccines are seen by world leaders as the only real way to restart their stalled economies after months of sweeping lockdown
Lupin Q4 net profit up 35% to Rs 390 cr on robust sales, lower tax expenses
In the current times, Lupin has been able to ensure business continuity while safeguarding the health and safety of its employees
Bharat Bond ETF second tranche worth Rs 14,000 cr to hit market in mid-July
In December, 2019, Bharat Bond ETF mobilised Rs 12,400 crore
Explainer: How important is Hong Kong to China as a free finance hub?
Hong Kong is one of the world's most open economies and one of the biggest channels for equity and debt financing
German airline Lufthansa to double flights to Athens from Frankfurt and Munich
Lufthansa Group said that the extension of its June timetable responds to the growing interest of customers in air travel as Covid-19 travel restrictions are
NIA charges one more in Attari drug seizure case
Investigations revealed evidence of generation of funds though the sale of narcotics. The narcotics were smuggled from across the international border. The proceeds from the sale of these drugs were used to fund terrorist activities in Jammu and Kashmir, the NIA's supplementary chargesheet also said.
India's economy seen slowing rapidly in March quarter, with worse to come
Gross domestic product data out later on Friday is expected to show India's economy grew at its slowest pace in at least two years in the March quarter as the coronavirus pandemic weakened already
ACT Fibernet hikes broadband rates in 8 Indian cities - here's why
The fiber-to-home internet service provider has announced that the hikes would range between 2 and 4% though in the case of select plans the upward revision could be higher.
No cash can repay the debt from this base politics
No cash can repay the debt from this base politics.
Williams set to sell Formula One team
Williams is considering a sale of its once-dominant but now struggling Formula One team as part of a new strategic direction.
Stocks slip as investors await Trump's Hong Kong response
LONDON — Global stock markets fell and safe havens such as bonds and the Japanese yen gained on Friday, as investors awaited Washington’s response to China tightening control over the city of Hong Kong.
Crude has best month on record in May as prices surge 88 per cent
Canada's oil patch has little to celebrate even though crude oil prices concluded their best ever month.
World shares fall as Hong Kong, U.S.-China tensions weigh
Shares fell Friday in Europe and Asia as investors awaited a news conference about China by President Donald Trump later in the day.
Another $650M in COVID-19 aid bound for Indigenous communities, Miller says
Federal Indigenous Services Minister Marc Miller says the federal government will spend another $650 million to help Indigenous communities cope with the COVID-19 pandemic.
Asia shares fall as U.S.-China tensions douse rally on Wall St
Shares fell Friday in Asia as investors awaited a news conference about China by President Donald Trump later in the day.
Watch: Passengers on special train headed to Mizoram hand food to Assam flood victims
Facebook user Emanuel Ralte, who shared the video on Facebook, wrote, "Our Mizo brothers, on their way from Bangalore help victims of Assam floods with little food they had with them."
Who is Wipro’s new MD and CEO?
Wipro’s new MD and CEO Thierry Delaporte: Wipro named Thierry Delaporte as its new chief executive officer (CEO) and managing director (MD). He will be replacing Abidali Neemuchwala who relinquishes his position on June 1.
UN chief calls for attention to nuclear, cyberspace security
UN Secretary-General Antonio Guterres said that attention should be given to increasing risk of nuclear proliferation and the lawlessness of cyberspace, while the international community has been fighting the COVID-19 pandemic.
Socso says received 302,997 applications for Wage Subsidy Programme
KUALA KUMPUR, May 29 — The Social Security Organisation (Socso) has received 302,997 applications from employers involving 1.98 million workers for the Wage Subsidy Programme (PSU) from April 1 until May 27. Socso’s chief executive officer Datuk Seri Mohammed Azman Aziz Mohammed in a statement...
Malaysia’s Statistics Department foresees recession in the next four to six months
KUALA LUMPUR, May 29 — The Department of Statistics Malaysia (DOSM) has predicted that the country is heading into an economic recession in the next four to six months. In the Malaysian Economic Statistics Review (MESR), chief statistician Datuk Seri Mohd Uzir Mahidin said that their prediction...
Paul Ngei’s Daughters Seek To Block Adopted Brother From Being Beneficiary To Estate
Late veteran Paul Ngei's daughters have sought to have his adopted son blocked from being included as a beneficiary to his estate.According to the Standard, one of the daughters, Elizabeth Nduku M
Chancellor Rishi Sunak to outline changes to furlough scheme
It comes after Boris Johnson announced a gradual easing of the lockdown in England.
New Zealand close to virus eradication despite grim global figures
The US economy is also showing signs of deep and long-lasting damage despite some businesses reopening.
Alderwood mall is ready for the governor’s green light
The Lynnwood shopping center, closed since March 24, could reopen in June. But expect changes.
Snowballs set to fly as the trans-Tasman ski wars begin
Ski resorts across both sides of the ditch are scrambling to make social distancing work.
SoftBank Leads $500 Million Funding for Didi Autonomous Unit
Didi Chuxing has scored more than $500 million of funding for its autonomous driving division in a round led by the SoftBank Vision Fund, the first external investment in the Chinese ride-hailing giant’s fledgling self-driving subsidiary.
Battle for Hong Kong Is Shifting to City’s Financial Markets
The struggle to maintain confidence in Hong Kong’s future is manifesting in its stock and currency markets.
F-35 Costs Drop for Building Jets But Rise for Operating Them
The Pentagon’s costliest program, Lockheed Martin Corp.’s F-35, is starting to look a little less expensive, with the latest estimate for development and procurement down 7.1% to $397.8 billion.
SPECIAL REPORT: BUHARINOMICS, FIVE YEARS AFTER: Diversification agenda falters, gropes for traction
THE Federal Government’s main economic strategy is anchored on diversification of the economic base away from oil dependency.
[ICYMI] Obasanjo writes former African presidents, rallies support for AfDB’s Adesina
Former President of Nigeria, Olusegun Obasanjo, has called on former African presidents to support President of AfDB, Dr Akinwumi Adesina,
SPECIAL REPORT: FOREX: Dynamic instability amidst CBN’s interventions
NIGERIA’S foreign exchange market under the five years of the Muhammadu Buhari Presidency is characterised by two bouts of naira
Plans submitted for futuristic Perth West project which could boost economy by £65m a year and create 2,000+ jobs
Developers have submitted plans for the innovative Perth West eco-project, which is expected to bring in over £65 million a year to the Perthshire economy and generate over 2,000 jobs.
Relief for Cyrus Mistry; SC agrees to hear plea on Pallonji Group’s representation on Tata Sons board
The plea seeks representation on Tata Group's board proportionate to 18.4 percent holding of Pallonji Group
Madras High Court issues notices to Franklin Templeton Mutual Fund, SEBI: Investors group
Notices have been issued to crisis-hit Franklin Templeton Mutual Fund and Sebi by the Madras High Court after a petition was filed by an investors group to safeguard nearly Rs 28,000 crore of investors' money stuck in six schemes shut down by the fund house, according to a statement
Tesla performance opens door to Elon Musk payday
Tesla has hit financial marks that let its colorful chief executive Elon Musk reap the first portion of a multi-billion dollar compensation package, the electric car maker said Thursday.
Wipro appoints Thierry Delaporte as CEO & Managing Director
Wipro has appointed Thierry Delaporte as the Chief Executive Officer and Managing Director of the company, effective July 6 this year.Current CEO and MD Abidali Neemuchwala will relinquish his positio
Nifty 50 June Futures (9,404)
The Indian benchmark indices i.e. the Nifty spot and the Sensex spot indices are trading with a downward bias. The Nifty spot is down by 0.2 per cent whereas the Sensex spot is down by 0.4 per cent. A
Lockdown 4.0: Parents stock up on kidswear with easing of norms
A Delhi-based couple blessed with a newborn in April had a harrowing time. With the baby's birth coinciding with the unexpected nationwide lockdown, they had to resort to borrowing clothes from fr
Teacher Aides’ Pay Rise Helps Value Educating Disabled Students
The milestone pay settlement for teacher aides is both good news for gender pay equity and for valuing the education of disabled children, says Disability Rights Commissioner Paula Tesoriero.
French carmaker Renault announces 15,000 job cuts worldwide
Renault, the French carmaker announces its cost-cutting plan of over three years. Renault will have 15,000 job cuts worldwide
US-China tension to push Asian shares lower in choppy trade
Asian shares were set to dip in choppy trade on Friday as worries about worsening U.S.-China ties offset the fillip from hopes massive government ...
Stocks To Buy In A Post-Pandemic World
The pandemic proved that not only is technology critical, but they can be a lifeline for a business. Insurance has performed very well, enough for most major in
JobKeeper could be extended, says Peter Dutton
Home Affairs Minister Peter Dutton has confirmed the government is willing to be flexible with the end date for JobKeeper wage subsidies.
People will have to limit contact for a long time into the future – expert
People will have to limit their contacts with other people for a long time into the future despite the pandemic easing, a health expert has said.
Starling Bank raises £40m as it lends to virus-hit small businesses
Starling Bank has raised £40 million from investors as small businesses turn to lenders for support during the coronavirus crisis.
Renault announces 15,000 job cuts worldwide
The move is part of a two billion euro cost-cutting plan over three years.
Amazon Sellers Are Marking Products As 'Collectible' To Get Around Price Gouging Rules
Amazon has suspended thousands of third-party sellers for price gouging during the COVID-19 pandemic, but sellers have found a loophole to avoid detection when raising prices: labeling their products as "collectibles," even if there's no conceivable way they could be. The Verge reports: Take this B...
Pag-IBIG Fund sets P10B construction fund to build more homes, boost economy
Pag-IBIG Fund has increased to P10 billion its home construction fund in a bid to encourage production of housing units for its members and help boost the national economy. “We have alloc
P1.3M shabu seized from Nigerian, 3 Pinoys in Bacoor
CALABARZON policemen yesterday arrested a Nigerian national and his three Filipino cohorts after they conspired to sell an estimated P1.3 million worth of shabu to an undercover officer in Bacoor City, Cavite, Police Regional Office 4-A director, Brigadier General Vicente D. Danao Jr. said.
International Update: Global Covid-19 infections exceed 5.8 million – more than 100,000 covid deaths in US
29 May Global: The number of people infected by Covid-19 has exceeded 5.8 million, according to data compiled by Johns...Read More...
Federal Pacific: Power equipment endorsed by Carroll Technologies
Federal Pacific manufacturers a wide range of products used for the generation, distribution, transmission and control of electricity.
Coronavirus company news summary – Sibanye-Stillwater reports outbreak – Axora launch smart mining platform – South Africa to lift restrictions on miners
29 May Sibanye-Stillwater has reported 51 positive Covid-19 cases at its Thembelani shaft located in Rustenburg. The company tested employees...Read More...
Thierry Delaporte as CEO to help Wipro with new ideas, global presence: Analysts
Prior to Wipro, Delaporte was the chief operating officer of Capgemini Group and a member of its group executive board.Analysts believe Delaporte will be expected to deliver on tasks predecessor Abidali Z. Neemuchwala left incomplete
Japan factory output and retail sales slump as pandemic hits autos
Official data Friday showed factory output slipped 9.1 percent in April from the previous month.
Reopen Koyambedu market with safety regulations in place, traders’ associations say
Traders say they are forced to sell vegetables at low costs to avoid wastage, as the new Thirumazhisai market has very little storage space
Rupee settles 14 paise higher at 75.62 against US dollar
The rupee appreciated 14 paise to provisionally close at 75.62 against the US dollar on Friday as foreign fund inflows and weak American currency boosted investor confidence. Forex traders said invest
No cash can repay the debt from this base politics
No cash can repay the debt from this base politics.
Williams set to sell Formula One team
Williams is considering a sale of its once-dominant but now struggling Formula One team as part of a new strategic direction.
The close: TSX ends lower, crude has best month on record
U.S. stocks finish mostly higher as investors take in latest Trump news
Chancellor Rishi Sunak to outline changes to furlough scheme
It comes after Boris Johnson announced a gradual easing of the lockdown in England.
Charting The Travel Industry’s Next Adventure
The pandemic decimated the travel industry in the first half of 2020, but industry experts are hopeful consumers will want to travel again soon. Here's why.
Sanwo-olu promises Lagosians affordable houses
Lagos State Governor Mr Babajide Olusola Sanwo-Olu on Thursday promised that his administration will build affordable and accessible houses for Lagosians.
K'taka govt notifies ordinance, BDA to legalise unauthorised constructions in Bengaluru
The BDA will levy a penal fee in return for regularisation. These are plots either owned by residents themselves or bought from someone after the BDA notified them for acquisition during the formation of layouts.
How important is Hong Kong to China as a free finance hub?
While China has reformed its markets over the years, over 60% of foreign direct investment (FDI) into and out of China continued to be channeled through Hong Kong as of 2018, according to Morgan Stanley.
Decision to open shops in malls soon after taking into account health ministry's guidelines
"The decision to open the remaining shops in the malls, will be taken soon, after taking into account the guidelines of the health ministry," the ministry said in a statement.
Use of public transport likely to reduce for 6 months post-lockdown: CSE survey
The CSE's perception survey on changing commuting choices post-pandemic included over 400 middle and high-income groups in Delhi and surrounding NCR cities.The first results show public mood is changing.
Gay weddings boost US economy by $3.8 billion since landmark ruling
Gay and lesbian weddings have boosted state and local economies by an estimated $3.8 billion since same-sex marriage was legalized nationwide in the United States in 2015, according to a study published on Thursday.
Nissan will focus on Japan, China and North America, to discontinue production in Indonesia and Spain
Datsun brand will be withdrawing its operations from Russia
No cash can repay the debt from this base politics
No cash can repay the debt from this base politics.
China to restrict expansion of solar equipment producers
BEIJING (Reuters) - China intends to impose restrictions on expansion of solar equipment production to tackle overcapacity in the industry in the face of falling domestic installations, a draft plan issued by the country’s industrial ministry showed on Friday.
East Tender expects increasing 5G optical filter shipments in 2H20
Thin-film optical filter maker East Tender Optoelectronics has seen its shipments begin gaining momentum in the second quarter of 2020 and expects its revenues to grow quarter by quarter in the second half of the year.
7466 New Cases with 175 Deaths reported in last 24 hours -
New cases of corona virus are increasing in the country very rapidly and the number of people who lost their
European stocks fall on rising U.S.-China tensions
European stocks fell Friday, with investors ahead of a press conference by President Donald Trump over China, amid rising tensions between the countries,...
MaiCapital Launches Bitcoin-Based Quant Fund
MaiCapital Limited today announced this week the launch of its second crypto-themed quantitative hedge fund, Bitcoin+ Investment Fund1.
Sberbank Forms Swiss Entity for Physical Commodities Trading
Sberbank has announced on Friday its expansion into the commodities market with the opening of a trading company in Switzerland.
No need to feel threatened by e-commerce firms: Goyal tells traders
Lockdown 5.0: Union Commerce Minister also stated the Aatmanirbhar Bharat package that provided credit guarantee worth Rs 3 lakh crore for MSMEs also included traders
Coronavirus effect: UK car production likely to drop to lowest level in decades
Full-year production could fall to as low as around 870,000 vehicles, according to a forecast by AutoAnalysis for the SMMT, far below a recent nadir of 999,460 cars in 2009, during the financial crisis
Stocks in focus: Vodafone Idea, RIL, Yes Bank, Voltas, Bank of India to remain in action
KEC, Lemon Tree, Equitas Holdings, Jubilant Life Sciences, Procter & Gamble Healthcare, Voltas, Dilip Buildcon and V-Mart Retail are among 31 companies which are scheduled to announce their March quarter earnings today.
BookMyShow cost-cutting to hit 270 employees
Members of the workforce who have been put on furlough will continue to remain employed with the company and will be eligible for all medical insurance, gratuity and other benefits.
Robodebt: government to refund 470,000 unlawful Centrelink debts worth $721m
Debts raised under the Coalition’s unlawful income-averaging scheme will start to be repaid in July
India, US could strike a 'smaller' trade deal in coming weeks: Indian envoy
The two countries have been negotiating a trade package to iron out certain issues and further boost two-way commerce
No proposal before board now, says Voda Idea on Google picking stake in co
The clarification to the BSE by Vodafone Idea comes a day after reports that Alphabet Inc's Google is eyeing about 5% stake in the telecom company.
Indian banks' asset quality pressure may last for at least 2 years: Fitch
Fitch estimates that the impact on impaired loan ratios could be anywhere between 200 to 600 basis points depending on the severity of stress and banks' individual risk exposures.
India-dedicated funds attract zero investments in April due to Covid-19
This is the first time since August 2016 that a month has reported nil fundraising in India-dedicated schemes
Tea companies fear losing lucrative Chinese market over border conflict
Over the past five years, China emerged as the third largest importer of Indian tea as demand for the black variety has been soaring there
Google's interest positive but may not help solve Voda Idea's debt woes
Acquisition of a controlling stake by an outsider or a sizable equity infusion by current promoters remains the need of the hour, Credit Suisse said in its latest note
Chelsea: The Blues should cash in on Victor Moses while they can
Chelsea is in the middle of a transformative period in the club's history, but that doesn't mean the club shouldn't deal with emotions. The Blues are headi...
What Could Kill My New York Bookstores?
It won’t be Amazon or the coronavirus. It will be artificially high rents.
Starling Bank boosts its support for small and medium-sized businesses
Starling Bank is continuing to beef up its B2B banking and payments services following a fresh round of investment.
The Smartest Stocks to Invest $2,500 Into Right Now
Your pocketbook will thank you if you hang onto these quality companies for the long term.
South Korea coronavirus spike stirs second wave concern, social distancing crackdown
SEOUL, May 28 (Reuters) - South Korea reported 79 new coronavirus cases on Thursday, the most in nearly eight weeks, triggering the return of tougher social distancing curbs amid the spectre of a second wave of disease in a country praised for containing the first outbreak.
City Power warns of possible load rotation
On Thursday, Johannesburg's City Power announced that they may need to impose daily “load rotation” in some areas where electricity infrastructure is overloaded.
Nigeria: FG pushes conclusion of the electricity deal with Siemens
President Buhari has instructed commencement of the next phase of the Siemens contract to upgrade the dilapidated electricity supply industry in Nigeria.
Gold price flat ahead of Trump’s Hong Kong response
Spot gold was unchanged at $1,718.60 per ounce by 0616 GMT. US gold futures rose 0.2% to $1,716.50.
Domestic helps at Noida societies cut off by employers, some forced to beg
“When the lockdown was implemented, I was given Rs 1,600 and told to leave. Now, no one is hiring... we do not know when we will get jobs again,” said Bibi, who used to work at four houses but was only paid her dues by two employers.
Oil falls but set to post biggest monthly rise in years on output cuts
Brent crude slipped 43 cents, or 1.2%, to $34.86 a barrel by 0643 GMT and US West Texas Intermediate (WTI) crude was at $33.14 a barrel, down 57 cents, or 1.7%.
Equities drop as Trump lines up China response
HONG KONG, May 29 — Equities mostly fell today after Donald Trump called a news conference for later in the day to outline his response to China’s plan to crack down on Hong Kong, which many fear could further increase tensions between the superpowers. The losses were being tempered, however,...
Eurozone inflation slumps to 0.1pc in May
BRUSSELS, May 29 — Inflation in the eurozone single currency area dropped to 0.1 per cent in May from 0.3 per cent in April, the official Eurostat agency said today. The drop in prices comes as Europe entered its sharpest recession in EU history because of the lockdowns brought on by the Covid-19...
29 patrons, owner of entertainment outlet in Ipoh fined RM1,000 each for defying CMCO
IPOH, May 29 — Twenty-nine people, including three women, were fined RM1,000 each by the Magistrate’s Court here today for defying the Conditional movement control order (CMCO) by gathering at an entertainment outlet in Jalan Lau Ek Ching here Tuesday night. All of them pleaded guilty before...
Delay in financial aid to SMEs will be resolved in two months, says Wan Junaidi
KUCHING, May 29 — The Entrepreneur Development and Cooperatives Ministry expects the delay in the disbursement of financial assistance for Covid-19-affected small and medium enterprises (SMEs) in Sarawak to be resolved within two months. Its minister, Datuk Seri Wan Junaidi Tuanku Jaafar,...
Miss Your Office? Some Companies Are Building Virtual Replicas
An anonymous reader quotes a report from The Wall Street Journal: Stay-home orders and the shuttering of workplaces have given corporate employees some respite from getting dragged into time-wasting water-cooler conversations. But some companies and their employees don't want to leave everything abo...
Here are 7 of the top chart patterns used by technical analysts to buy stocks
Technical analysts believe that stock prices often trade in patterns, as the motivating driver behind the movement of stocks is humans, and ...
Record-breaking spring sunshine boosts British strawberry crop
Tesco berry buyer Laura Mitchell said the good weather has resulted in ‘exceptionally good quality and sweet strawberries’.
Young’s says it expects ‘lower sales’ when customers return to pubs
The London-based pub company said it will not pay shareholders a dividend for the past year.
Senate Democrats pump brakes on new stimulus checks
House Democrats looking to deliver another round of $1,200 relief checks to Americans are encountering skepticism from an unexpected source — fellow Democrats in the Senate.
Lockdown shopping: Chocolate chips, frozen pizza up, energy bars nosedive
Americans bored at home during the coronavirus lockdown are rediscovering their love of baking and cooking, reversing a decades-long trend that has reshaped the grocery store experience.
Get 30% off custom Ray-Ban glasses with the new Apple Pay promo
A brand new Apple Pay promotion will get you 30% off custom Ray-Bans at Ray-Ban.com!
Need to know: Friday
The coronavirus pandemic is dominating global markets, business and politics. Here's our daily take on the most important stories, and some things to watch out for.
What’s Keeping Stocks Afloat? The ‘Microsoft Market’
The tech giant is a mainstay of the industry that lets companies, governments and people navigate disruptions caused by the coronavirus and other threats.
How VsKit live streaming video app is closing gap in social distancing
"One thing they did which got Nigerians intrigued, is the Live stream of the Infinix Note 7 launch that was done May 14 on VsKit."
EXCLUSIVE: Staff to be made redundant at Tayside manufacturer after slump in orders
A Tayside manufacturer is to make dozens of people redundant as Covid-19 has resulted in a slump in orders.
Scroll up! Scroll up! Here’s everything you need to know about Scotland’s first virtual agricultural show
Bring out the bunting – Scotland’s summer show season is back in business!
South Korea: Lower rates and GDP downgraded – UOB
UOB Group’s Economist Ho Woei Chen, CFA, assessed the recent Bank of Korea (BoK) meeting and GDP outlook. Key Quotes “As expected, the Bank of Korea (
Gold clings to gains near session tops, around $1725 region
Gold edged higher during the early European session and climbed back closer to the previous day's swing high, around the $1727 region. The precious me
Rupee appreciates 14 paise to close at 75.62; forex traders say investors await Q4 GDP data
The rupee appreciated 14 paise to provisionally close at 75.62 against the US dollar on Friday as foreign fund inflows and weak American currency boosted investor confidence
Consumer confidence and economic climate partially recover in May
Consumer confidence and economic climate indicators “partially recovered” in May in Portugal, after having recorded “strong reductions in April” due to the covid-19 pandemic, the National Statistics Institute (INE) reported
‘Social IQ skills’ are the X-factor that women bring to tech companies
Apart from automation, technology needs soft and cognitive skills, believes HCl Technologies
Gender inclusion, the Infosys way
Technology majors are at a huge advantage if they are able to understand how a cross-section of people tend to engage with their technology. With today’s consumer base more diverse and heterogeneous,
It’s imperative to make MGNREGS worksites pandemic-safe
Careful work selection, age-appropriate task allotment, monitoring of social distancing could hold the key
Give us too the benefit of credit guarantee scheme: urban co-op banks to FM
UCBs are financially sound and are a key funding source for MSMEs, says petition
Expat wonders why they don’t get “thanked” with S$100 utilities credits
Expat wonders why they don’t get “thanked” with S$100 utilities credits
Tower Delivers Solid First-half Performance
Kiwi insurer, Tower Limited (NZX / ASX: TWR), has today announced a half year profit of $14.9 million after tax, a $3 million improvement on the same period last year.
NNPC sets $10 oil production cost target by 2021 - Premium Times Nigeria
With its current unit cost between $9 and $22 per barrel, the NNPC says it has set an oil production cost target ceiling of $10 per barrel by 2021.
ANALYSIS: How 12 years of unethical practices stunted growth of Nigeria’s solid minerals sector
The Nigerian mining sector is bedevilled by a number of problems, chief among which are shady practices that have been identified by NEITI audit reports.
Pacific Premier Bancorp's Temporarily Elevated Expenses, External Factors To Pressurize Earnings
The acquisition of Opus Bank will lead to high expenses in the second and third quarters. External factors, including the decline in interest rates and the wors
NEA: I See Reasons To Remain Long
NEA continues to trade at an attractive discount to its underlying value. Investment grade munis have a positive spread over treasuries on all points on the yie
Softbank-backed Coupang becomes central to new South Korean COVID-19 outbreak | ZDNet
Over 100 new cases have been linked to Coupang facilities.
Starling Bank raises £40 million as SME banking business picks up
Starling bank has raised a further £40 million from existing investors JTC and Merian Chrysalis Investment Company, bringing the total raised this year to £100 million.
CBA offers $150,000 in seed funding to startups helping small businesses
Commonwealth Bank of Australia's fintech investment vehicle, X15 Ventures, is to run a virtual pitch event for startups with technology capable of supporting small business owners, with the winning ideas to receive seed funding of up to $150,000.
Young’s says it expects ‘lower sales’ when customers return to pubs
The London-based pub company said it will not pay shareholders a dividend for the past year.
Labrador Gold announces private placement to raise $3.5m
Canadian mining company Labrador Gold has announced that it intends to complete a non-brokered private placement to raise CAD3.5m ($2.54m).
Pound Sterling Could Actually Rise if Bank of England Slashed Interest Rates to Below Zero says Analyst
Speculation has been growing over the course of May that the Bank of England could soon announce it will cut interest rates to below zero in its ongoing battle to stem the negative economic impacts of the coronavirus crisis
EUR/USD Forecast: Looking for a Fresh Chance to Buy
The EUR/USD exchange rate has finally cleared the 1.10 hurdle and is quoted at 1.1130 ahead of the weekend. Analyst and technical forecaster Richard Perry at Hantec Markets says he looks to now use an unwind within the pair's channel as a chance to buy
Gold Price Forecast: Move Above $1735 Resistance Required for Bulls to Grab Control Again
The spot gold price is quoted at $1725 ahead of the weekend, with analysts and technical forecaster Richard Perry of Hantec Markets lays out the key levels to consider for traders now the market is back at a crossroads
GBP/USD Forecast: "Breakout above $1.2360 Would Open a Test of Resistance at $1.2465"
The GBP/USD exchange rate is quoted at 1.2309 ahead of the weekend, with analyst and technical forecaster Richard Perry of Hantec Markets saying the pair is looking increasingly constructive, even if only because of Dollar weakness
When every order is a seed: How to buy produce in advance and aid farmer rescue projects
Apples, honey and veterinary kits — how these social entrepreneurs are getting consumers involved in farmer rescue projects
How much coronavirus is spreading in your region with R-rate just below 1
The “reproduction rate” number is crucial to the pace lockdown is lifted across the country as some of the measures in place for over two months are beginning to be slowly lifted
What every Canadian investor needs to know today
A look at the morning’s market action
Canadian companies are slow-walking, not running, back to the office
Nearly a third of respondents in a recent survey feel the safest course, for now, is to ask employees who are currently working from home to keep working from home
Europe reaches a tipping point over China’s Hong Kong gamble
European anger is palpable, and there are signs that China’s moves could have ramifications further down the line, by speeding European efforts to adopt a more unified industrial policy and influencing decisions on the role of Huawei Technologies Co. in 5G networks.
UK chief negotiator rules out fish for financial services Brexit deal
Britain’s chief Brexit negotiator has ruled out any deal giving European boats access to UK waters in return for better conditions for British financial services in the EU’s Single Market. The EU and the UK are deeply divided over fishing in free trade negotiations ahead of the next round of talks, which
Bullring and Grand Central back to full opening on June 15
Birmingham city centre's Bullring and Grand Central has announced that it will officially re-open on 15 June, in line with the latest guidance from the Government.
Record-breaking spring sunshine boosts British strawberry crop
Tesco berry buyer Laura Mitchell said the good weather has resulted in ‘exceptionally good quality and sweet strawberries’.
Minister to join in chamber event
Minister for International Trade Greg Hands will be taking part in a Black Country Chamber of Commerce online Zoom event on Friday, June 5.
Young’s says it expects ‘lower sales’ when customers return to pubs
The London-based pub company said it will not pay shareholders a dividend for the past year.
Renault Cutting Nearly 15,000 Jobs Worldwide to Save Costs
Renault announced it will be cutting 14,600 jobs around the world in a bid to save costs during the pandemic.
Public toilets in parks to start reopening this weekend; Ontario considering regional approach to reopening in stage 2 as testing expands
Follow the latest Toronto news on coronavirus
Lagos supports 2,204 businesses in one year to reduce unemployment
Lagos State Commissioner for Wealth Creation and Employment, Mrs Yetunde Arobieke said the Lagos State Employment Trust Fund (LSETF) has supported 2,204 businesses to expand with the aim of reducing unemployment in the state.
Debt market’s love for G-Secs & PSU papers is here to stay
Risk of a high-quality portfolio is volatility, as underlying securities are traded frequently.
Auto sector will feel the maximum pain this year: Prashant Jain
‘The impact on wages is significant and auto is a discretionary product
Ministry proposes $69m stimulus for fisheries, aquaculture
Minister Edhy Prabowo said the stimulus would include social aid for fishermen, fish farmers and salt farmers and funds to strengthen surveillance efforts against poaching.
How Coronavirus is Impacting Digital Payments in Emerging Markets
Emerging markets have been the scene for creative innovations in payments for the last decade, says Wirex CEO Pavel Matveev.
Rupee settles 14 paise higher at 75.62 against US dollar
The rupee appreciated 14 paise to provisionally close at 75.62 against the US dollar on Friday as foreign fund inflows and weak American currency boosted investor confidence.
SoftBank leads $500 million fundraising for Didi's self-driving unit
BEIJING/SHANGHAI (Reuters) - China’s Didi Chuxing said on Friday it had completed a fundraising round of over $500 million for its autonomous driving subsidiary that was led by SoftBank Group’s (9984.T) Vision Fund 2.
Asha Mwilu Leaves Citizen TV to Launch Media House
"The industry is looking grim at the moment with media houses closing shop and people being fired but I...
Starling Bank Scores Another £40 Million from Existing Investors
Starling Bank, a UK-based challenger bank, has raised £40 million (around $49.2 million) in the latest funding round from its existing investors.
Batsa continues legal fight to lift tobacco ban
Group says it must stand up for its customers, suppliers and employees.
Ifac advises Tipperary farmers about new TAMS 11 closing date
Ifac, the farming, food, and agribusiness professional services firm, is reminding Tipperary farmers that the Department of Agriculture has made a number of extensions to the Targeted Agricultural Mod...
Facebook CatchUp is new group calling app, 5 things to know
Social media giant Facebook had announced a newgroup-calling app called the CatchUp. The CatchUp would allow users to set up group calls with up to 8 people.
Vodafone-Idea share price jumps 15%, Google mulls 5% stake buy in cash-strapped telco
Struggling telecommunications firm Vodafone-Idea saw its share price jump 15% in the initial few minutes of trade on Friday as investors reacted to the news of internet giant Google considering a 5% equity stake buy in the company.
Tax Deducted at Source: Quarterly payment of TDS could be a ‘Saviour’ for taxpayers in Corona crisis
It is hoped that the Income Tax Department will be empathetic to the problems faced by taxpayers and a pragmatic view shall be taken to allow taxpayers to make the quarterly payment of TDS under Rule 30(3).
White House punts economic update as US election draws near
While the economic forecast is being delayed, updated information about the nation's budgetary situation will still be released as expected this summer.
Champagne sales dip as world goes into warlike depression amid coronavirus
Global champagne sales are forecast to slump by a third, or 100 million bottles, this year as the coronavirus crisis shuts bars and restaurants worldwide and hammers economies.
Top headlines: GDP growth slips to 3.1% in Q4FY20; 4.2% in 2019-20
Business Standard brings to you the top headlines of the day
Bitcoin May Surge as Chinese Yuan Gets Fixed to Lowest Price in a Decade
Unlike Bitcoin and other free markets, the Chinese yuan market is fixed and somewhat controlled by the country's central bank. As Wikipedia describes:
Statistics Canada expected to report GDP down nine per cent in March
Canada's economy had its worst quarterly showing since 2009 through the first three months of 2020, and may be headed to an even steeper drop, as steps taken to slow the spread of COVID-19 forced businesses to close and lay off workers.
Apple tops wearables Q1 growth, but wristbands, hearables lead the segment
The International Data Corporation (IDC) report says smartwatches and basic ones registered a decline in growth, which was offset by wristbands and hearables.
Buy Foot Locker For 50% Upside as the Economy Reopens
Beaten and bruised FL stock is ready to rip higher as the U.S. economy reopens and rebounds in the coming months. Foot Locker has 50% upside.
3 Reasons to Buy Microsoft on the Next Dip
Microsoft stock is trying to make new highs, as bulls continue to bid the stock higher. Here are a few reasons to still like MSFT.
Discounted Alibaba Stock Is a Tempting Buy Now
Alibaba stock is likely to come under short-term pressure, but its aggressive growth rate makes it a good long-term play.
Liberia embarks on a cost-reflective electricity pricing study
In efforts to attaining cost-reflective electricity pricing, the Liberia Electricity Regulatory Commission has begun a Cost of Service Study.
Sensex rises 224 points, Nifty ends above 9,500-mark lead by pharma, FMCG stocks
The S&P BSE Sensex rose 223.51 points (0.69 per cent) to settle at 32,424.10, while the Nifty 50 ended at 9,580.30, up 90.20 points (0.95 per cent).
COP26 climate talks in Glasgow to take place next year in Nov 2021, UN confirms
The development comes two days after the EU unveiled the EUR 750 billion green stimulus plan to shore up the sagging economy due to the pandemic while also making sure that the 27-nation trading bloc achieves climate neutrality by 2050.
Hap Seng records higher earnings in Q1
KUALA LUMPUR, May 29 — Hap Seng Consolidated Bhd’s net profit rose to RM160.38 million in the first quarter ended March 31, 2020 (Q1) from RM157.98 million in the same period last year. Revenue for the quarter, however, declined to RM1.48 billion from RM1.75 billion previously due to lower...
MDEC: Online business set to stay post-Covid-19
KUALA LUMPUR, May 29 — Malaysia Digital Economy Corporation (MDEC) expects the change in behaviour of consumers and local traders from conventional method to online business concept will be maintained even after Covid-19 ends. Its chief executive officer, Surina Shukri, said the main players in...
Former Kasarani MP John Chege Fined Sh1.3 Million For Receiving Sh100,000 Bribe
Former Kasarani MP John Chege has been fined Sh1.3 million for soliciting and receiving a bribe amounting to Sh100,000.The court case first commenced in 2013 where he was arraigned in an anti-corr
Rail project expecting $100M shortfall, possibly $100M more | Honolulu Star-Advertiser
The Honolulu Authority for Rapid Transit got grim financial news Thursday, with no easy answers ahead.
Editorial: Take hard look at Young Brothers plea for coronavirus relief aid | Honolulu Star-Advertiser
By the time much of Hawaii’s cargo reaches its final destination, Young Brothers LLC has touched it at some point. So alarm bells clanged loudly when the interisland shipper announced that the pandemic-related economic slump has pushed the company to the brink of its own shutdown.
Hawaiian Electric suspends rate increase due to COVID-19 pandemic | Honolulu Star-Advertiser
Hawaiian Electric announced Thursday that it will no longer seek an increase in its rates on Oahu, due to the hardship to customers presented by the coronavirus pandemic.
Hawaii budget shortfall now projected to be $2.3 billion | Honolulu Star-Advertiser
There was a lot of guesswork involved, but a panel of experts concluded Thursday that state tax collections will drop by 7% this fiscal year and another 12% next year, leaving Gov. David Ige’s administration with a whopping $2.3 billion budget hole to patch up.
WATCH | Joburg hairdresser breaches lockdown regulations to make ends meet
A Johannesburg-based hairdresser has resorted to conducting business illegally after losing his income due to the nationwide lockdown that began on 26 March.
Apple places urgent iPad order with LG following surge in demand in Asia
Apple has placed an urgent order with LG for LCD panels to help it cope with surging iPad demand in Asia.
Satoshi Nakaboto: ‘Winklevoss deal brings BTC trade to Samsung users in US and Canada’
Our robot colleague Satoshi Nakaboto writes about Bitcoin every fucking day. Welcome to another edition of Bitcoin Today, where I, Satoshi Nakaboto, tell you what’s been going on with Bitcoin in the past 24 hours. As Stephen Hawking used to say: Let’s get this bread! Bitcoin price We closed the day, May 28 2020, at […]
Covid-19 Reinforced Our Coffee Addiction
JDE Peet's benefits from having the right timing and business mix to ride out the coronavirus pandemic.
Five Things You Need to Know to Start Your Day
Want to receive this post in your inbox every morning? Sign up here
Knoxville house damaged after suspected generator fire
Rural Metro Fire said crews responded to a house fire on Midway Road just after midnight Friday.
Arsenal face possible setback in pursuit of unsettled Barca star
Arsenal aren’t willing to meet Barcelona’s demands for Philippe Coutinho despite their interest in the player, according to reports.
Bulgaria Lifts 14-Day Quarantine, It Remains for 8 Countries Only
"We are removing the 14-day quarantine from 1st of June for the arriving Bulgarian and foreign citizens from the European Union, including Serbia and Northern Macedonia. However, for the eight countries in Europe with the highest number of COVID-19 patients, the imposition of a 14-day quarantine will remain, explained Assoc.
USD/CHF dives to 4-week lows, around 0.9600 mark amid notable USD supply
The intraday USD selling bias picked up pace during the early European session and pushed the USD/CHF pair to near four-week lows, around the 0.9600 m
GBP/USD: The pound is set to see losses amid geopolitical strains
GBP/USD has struggled to take advantage of dollar weakness amid a slew of British issues. Sino-American tensions, Brexit speculation, and end of month
Four Unannounced Nintendo Games Potentially Teased By New Amazon Listings
On top of all those listings spotted yesterday!
CWB Financial reports Q2 profit down as provisions for credit losses soar
EDMONTON — CWB Financial Group reported its second-quarter profit fell compared with a year ago as the economy tanked due to the steps taken to slow the COVID-19 pandemic and its provisions for credit losses more than doubled.
For Yamaha, WFH has ‘no connection with distraction’
It has been a huge learning for everyone, says two-wheeler giant’s India head Motofumi Shitara
Alphonso mango farmers shun middlemen; relish sweet taste of self-reliance
Despite the lockdown, this year, mango farmers in the Konkan region of Maharashtra reaped handsome gains. Breaking from the past practice of selling their produce to middlemen, they sold their produce
We need to plan for the next round of NPAs
The RBI should draw up guidelines on rolling back rules on moratorium and NPA classification. Banks and NBFCs need financing so they are not held in suspension over debt servicing
Cash-strapped hotel workers "having to use foodbanks"
Staff lose out after a mix-up excludes them from HMRC furlough scheme
Buyanga receives 'death' threats from baby mama's dad
BUSINESSMAN Frank Buyanga has received what sounds like death threats by his baby mama, Chantelle's father, Lawrence Muteswa.The threats could spark more discom...
Travel disruptions, cost-cutting key issues for US business in China: Report
Global travel disruptions are the top concern for American businesses in China, of which many are cutting compensation and bonuses amid the ...
Travel disruptions, cost cutting key issues for US business in China: report
Global travel disruptions are the top concern for American businesses in China, of which many are cutting compensation and bonuses amid the ...
Writing Puts For Income With Downside Protection
Readers of my prior articles know I like writing Put options to generate income. This has enhanced my return on the cash I want in some accounts. Some option tr
Fintech marketplace Stackin secures $12.6 million ahead of UK launch
Stackin, a US startup that helps consumers navigate the crowded fintech space, has raised a $12.6 million Series B funding round led by Octopus Ventures.
India's Test series can happen in as little as one venue depending on circumstances: Cricket Australia
Cricket News: Cricket Australia has not ruled out the possibility of the Covid-19 pandemic forcing a change in the schedule for India's tour with the board still ke
Pakistan plans to raise $1.5bn in Eurobonds, officials say
Pakistan News: Pakistan plans to raise $1.5 billion through Eurobonds to bridge a balance of payments gap for the financial year beginning July 1, said sources. With
Citing loss, Tangedco wants Open Access consumers to pay additional surcharge
State electricity utility says it suffered a loss of ₹2,383 crore due to under-recovery
Furlough latest - 3 announcements we're expecting from Chancellor Rishi Sunak today
On Friday, the Chancellor is expected to announce a raft of changes to the furlough scheme as the state subsidy is wound down for more than 8.4million workers
Ottawa’s increase to the expected cost of emergency relief program indicates more workers will remain unemployed
The delayed launch of the wage subsidy program, combined with restrictions and complexities in the application criteria, contributed to employers’ reluctance to make use of the initiative
Bitcoin Breaking $10,500 Will Set the Stage for a Massive Reversal: Here’s Why
Bitcoin has been on an impressive rally over the past two months.
Toyota now offers fully online car buying service
Buyers can build and pay for a new car online, even arranging a finance package.
Unemployment Fraud In Michigan Could Bump Legit Jobless Claims
Michigan residents could fall victim to predatory identity theft scams that make false unemployment benefits claims during the pandemic, the UIA warns.
Ex-CBN director lauds MPC over interest rate reduction
A financial expert, Dr Titus Okunrounmu, has commended the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) for reducing the interest rate by one-percentage-point from 13.5 per cent.
Old style value investing doesn’t work anymore, says Damodaran
Guru Aswath Damodaran said value and growth investing has become a lazy categorisation of investing.
Twitter says CEO Jack Dorsey informed in advance of decision to tag Donald Trump tweet
"The decision was made jointly by teams within Twitter, and our CEO Jack Dorsey was informed of the plan before the Tweet was labelled," the spokeswoman said in an email.
Europe moves ahead with lockdown easing, but caution in Asia
Several European countries including France and Britain on Thursday moved to further lift crippling coronavirus lockdown measures, but fresh restrictions in parts of Asia signaled the crisis is far from over.
US taxpayers' virus relief went to firms that avoided taxes
Reuters’ analysis of public data found around 110 publicly traded companies have each received $4 million or more in emergency aid from the program.
'I don’t want to give my press officer a heart attack': Leo Varadkar defends two metre social distancing ahead of Bank Holiday
Mr Varadkar thanked the public for their response to the guidelines to date and said if they had not been introduced there could have been 30,000 deaths from Covid-19.
Challenger bank Starling raises additional £40m
Fintech led by former AIB chief operating officer, has now raised £363m to date
South Korea 'comfort women' activist denies allegations
May 29 (UPI) -- The South Korean activist accused of misappropriating funds for surviving "comfort women" said Friday at a press conference the charges from former victim Lee Yong-soo are false.
As lockdowns ease, a Bronx nail salon plans a careful reopening
(Reuters) - When Yahaira Caraballo opened her nail salon in the Bronx, New York nearly seven years ago, it was a bare-bones shop with two nail technicians.
Sanofi's head of vaccines leaves for smaller competitor Ipsen
PARIS (Reuters) - Sanofi’s head of vaccines David Loew will quit to become chief executive of Ipsen from July 1, the two French drugmakers said on Friday.
Safaricom Customers Can Now Read Digital Newspapers for KES 20
You can now read the digital version of newspapers in a convenient and welcome manner thanks to a new partnership between Safaricom and some media houses. The newspapers will cost you a promotional KES 20 (for the next two weeks) and will be consumed on your smartphone. Customers will pay for the service using their […]
Formula One: Williams considering selling team after suffering over $15 million in losses
After posting a £12.9 million profit in 2018, Williams have responded to the blow by seeking new investment.
Translation From VC-Backed PR Jargon To English of Magic Leap CEO Rony Abovitz's Statement That He's 'Stepping Down'
From a company-wide memo sent by Rony Abovitz, the founder of Magic Leap, which has raised nearly $3 billion from high-profile investors including Andreessen Horowitz, Google, AT&T, NTT DoCoMo, Public Investment Fund of Saudi Arabia, JP Morgan, Kleiner Perkins Caufield & Byers: As we've sha...
The Witcher Series passes major sales milestone, shipping over 50 million copies
You can’t keep a good witcher down, especially when they have an ultra successful Netflix series to help punt the games.
Northern Trust Enters Strategic Alliance with BlackRock
Northern Trust has, as part of its continuing strategy to provide integrated products and technology, today entered into an alliance with BlackRock .
Wedbush Futures Partners with The Small Exchange
Wedbush Futures announced its partnership with The Small Exchange, a new Futures exchange offering smaller, standardized products.
Two-Mile-Borris' Blackcastle Farm sausages for Aldi from this Sunday
The amazing 1% fat beef sausages will be on sale from this Sunday for a week as part of Aldi Grow project
Tesla CEO Musk earns incentive payout worth $775 million in first tranche
The compensation plan, approved by shareholders in 2018, consists of 20.3 million stock option awards broken up into 12 tranches of 1.69 million shares
Vodafone Idea dismisses report of Google buying stake
"Currently, there is no proposal as reported by the media that is being considered at the Board," Vodafone Idea said
Credit guarantee scheme: No immediate 100% payments to banks if MSMEs default
On the face of it, the guarantee scheme is a great deal for banks as there is no risk of losing money. But in reality, it is going to be a tough task for banks to get the full guaranteed amount from the guarantee corporation
This telco stock has doubled in two months; eyes fresh highs
Bharti Infratel share price has doubled from its 52-week low of Rs 121 touched on March 19, 2020. However, the stock is still 22% lower from its 52-week high of Rs 295.75 registered on December 2 last year
Vodafone Idea issues clarification on reports of Google picking stake in company
Reacting to the reports of tech giant Google eyeing a 5 per cent stake in the company, Vodafone Idea on Friday clarified that there is no proposal before
SkipTheDishes has seen an 89 percent jump in new restaurants during the COVID-19 pandemic
SkipTheDishes has revealed new data regarding how its business has been faring during the COVID-19 pandemic.
Who is Thierry Delaporte? Three interesting facts about Wipro’s new boss
Information technology major Wipro has appointed Capgemini Chief Operating Office, Thierry Delaporte, as its new Chief Executive Officer (CEO) and Managing Director.
Modi’s Rs 21 lakh cr package not enough; industry says govt needs to do this for companies to survive
Given the major disruptions caused by the coronavirus pandemic, the industry has asked for increased government spending, direct cash transfers to consumers, and deferment of taxes.
Use of public transport likely to dip for 6 mnths post lockdown: CSE survey
Within six months after the lockdown, metro ridership will decline from 37% in pre-lockdown period to 16%, the CSE said.
Nepali Sherpa wait, grow potatoes as Himalayas remain closed due to coronavirus
Had it not been for the coronavirus, Nepali climbing guide Tashi Lakpa Sherpa would have been on Mount Everest now, guiding clients and trying to add another feather in his cap - a ninth ascent. But
Rupee rises 11 paise to 75.65 against US dollar in early trade
The rupee appreciated 11 paise to 75.65 against the US dollar in opening trade on Friday as foreign fund inflows and weak American currency boosted investor confidence. Forex traders said investors
New York gold traders are drowning in a glut they helped create
Shutdowns strangle supply routes that allow physical bullion to move around the globe
Magic Leap CEO to step down
Mixed reality headset manufacturer Magic Leap announced founder and CEO Rony Abovitz will leave his ...
Decoding the Stock Market: The Vocabulary of Volatility
Here are some of the most important volatility concepts for investors to know.
Hearo.Live: Going Virtual With Live Events
Hearo built an app to capitalize on the growth in eSports. It's now raising capital from people wanting to invest in Hearo.Live.
Marathon Oil Stock Will Continue to Limp Along as the Pandemic Continues
MRO stock is down 56% from last December, and it doesn't seem like stock will rally anytime soon considering the volatility in the market
AMD Stock May Look Weak, but There’s Still Lots of Opportunity
It’s had a great run and there’s now evidence of better things to come, but AMD stock investors need to respect a good defensive game first.
Canopy Growth Stock Is Still Among the Most Compelling Marijuana Plays
CGC stock is well-positioned to become a leader in the cannabis industry with its steady partnership with a beverage industry giant.
‘India’s Test series can happen in as little as one venue’: Cricket Australia
Cricket Australia on Thursday announced that India will play the Tests at Brisbane (December 3-7), Adelaide (December 11-15), Melbourne (December 26-30), and Sydney (January 3-7) respectively.
COVID-19 Watch: Hotels, airlines look for new revenue streams, hold on to cash to tide over liquidity crunch
Other steps like drastic cost control and a sharp reduction in future supply addition are also in the offing.
ICSI to conduct online classes for CSEET aspirants
The online classes will begin from June 1. The CS Executive exam will now be held on July 17
Ringgit higher against US dollar on improved global sentiment
KUALA LUMPUR, May 29 — The ringgit ended the week slightly higher against the US dollar today on improved global sentiment despite lower oil prices, a dealer said. As at 6pm, the local note was quoted at 4.3450/3500 versus the greenback compared with yesterday’s close of 4.3540/3600. FXTM...
Aquaculture industry set to be a boon for Northern Australian economy
Northern Australian aquaculture is set to increase its production five-fold to exceed $1.34 billion in value and produce more than five times its current volume of fish, prawns and other seafood products ...
Work and wellbeing bounce back during coronavirus crisis
Government measures to arrest the economic impact of COVID-19 have helped stop further job losses and declines in working hours, new analysis from The Australian National University (ANU) shows.
EE’s 5G service reaches 80 locations on first anniversary since launch
The firm said 5G customers are mostly using it to watch more video, with YouTube the most popular app.
EasyJet and Carnival poised to exit FTSE 100 as virus hammers travel firms
Avast, Homeserve, Ladbrokes owner GVC and Convatec have been earmarked as the most likely firms to move into the index.
Ace Hood Gets Flowing On "Trampoline"
Florida favorite Ace Hood delivers heavy swagger on the debaucherous 'Mr. Hood' standout 'Trampoline' Last night, Ace Hood came through with his brand new album Mr. Hood, a treat to the loyal fans who have been riding with him since the beginning. Rest assured that they are legion; Hood's following ...
CWB reports Q2 profit down as provisions for credit losses soar
CWB Financial Group reported its second-quarter profit fell compared with a year ago as the economy tanked due to the steps taken to slow the COVID-19 pandemic and its provisions for credit losses more than doubled.
Amazon in talks for new Dublin office even as virus hits
Amazon.com Inc. is in talks to rent an office block in Dublin with space for about 750 workers, according to a person familiar with the matter.
Coronavirus: New mortgage holiday should affect credit record, says Nationwide boss
The UK's biggest building society says struggling applicants should be flagged to lenders.
In Boom-and-Bust San Francisco, Pandemic Brings Grim New Reality
Uber, Lyft and Airbnb have slashed thousands of jobs. Salesforce and Visa are letting employees work remotely for months; Twitter and Square are allowing them to do so for good.
Goldman’s Eccentric Couch-Surfing Trader Plans a Credit Fund
Not many Goldman Sachs partners seek out citizenship in a tiny Caribbean island to speed through airports. Ali Meli wasn’t your typical Goldman partner.
AUD/USD trades at fresh session highs near 0.6660 ahead of key US data
The AUD/USD pair came under strong bearish pressure toward the end of the American session and fell to 0.6620 area. Heightened US-China tensions over
Really Australia, it's not that hard: 10 reasons why renewable energy is the future
Australia's latest greenhouse gas figures released today show national emissions fell slightly last year. This was by no means an economy-wide effort—solar and wind energy did most of the heavy lifting.
Rising Up To The Challenge: How Indian Railways Has Become PPE Self-Reliant
Indian Railways is now manufacturing its own high-quality PPEs and other protective gear at affordable cost.
Apple’s Deirdre O’Brien in Top Five of Inaugural ‘Queer 50’ Business Leaders List
Apple's VP Deidre O'Brien was named at number of five in Fast Company's first-ever 'Queer 50' list - the highest-ranked tech exec.
BharatPe’s card-accepting machinewith zero MDR may go live in June
Merchant payment and lending network company BharatPe is working on a card-accepting machine with zero MDR, which is likely to go live by next month. “BharatSwipe will be our card machine. It will be
Heralding a new era for agriculture
While the recent reform steps and stimulus package for agriculture will go a long way in boosting farmers’ income, price volatility in perishables continues to be a challenge
COVID-19: Planning For Major Projects At NZ’s Largest Industrial & Residential Development Underway
More than a fifth of the 170 hectares of commercial land available at the country’s largest industrial and residential development have now been sold as businesses look to establish large scale local operations in a post-COVID environment.
ByteDance plans to shift its power center from China - Gizchina.com
ByteDance plans to shift its power center from China. The company is actively recruiting top executive and engineers outside China
Calm before the storm for Japan suicides as COVID-19 ravages economy
TOKYO: The phones at the Tokyo suicide hotline start ringing as soon as it opens for its once-weekly overnight session. They don't stop until the ...
Semler Scientific: High-Quality Medical Stock With Cash Flow Growth And Zero Debt
Semler Scientific's blood-flow measurement product, QuantaFlo, offers major advantages over the more widely-used blood pressure cuff technique. Semler achieved
Boyd Gaming: Vegas Locals Market Spurt Will Drive Faster Recovery Than Strip After June 4th Reopening
The Las Vegas locals market has been one of the strengths of Boyd. Demos suggest a quicker revenue recovery than strip properties. Pre-virus growth showed balan
Wall Street Breakfast: U.S.-China Tension Ratchets Up
Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha, iTunes, Stitcher and Spotify (click the highlighted
Month-End Profit-Taking Weighs On Equities As The Euro Pops Above $1.11
Equity markets in the Asia-Pacific region were mixed, with Japan, Hong Kong, Australia, and Taiwan seeing selling pressure. The Dow Jones Stoxx 600 is snapping
First Horizon National: A 6.5% Yield Your Portfolio Should Have
First Horizon National is one of the largest regional banks in the Southeast with more than $32 billion in deposits. The company has seen strong loan growth amo
Why The S&P 500 Rebounded And Why It (Maybe) Makes Sense
True corporate profits have stagnated since 2012, clouded by lower tax rates, and share buybacks. Lower interest rates are not a justification for higher valuat
Inflation pushes sharply into negative territory
Consumer price inflation here fell by a dramatic 0.9pc in May according to a first estimate by European Statistics Agency Eurostat.
Just All The Times The Internet Called The Govt The Fuck Out Over Today’s Robodebt 180
The Federal Government today announced a plan to refund $721 million worth of robodebt payments, and Twitter has some thoughts about it.
Twitter's ex-CEO stepped up the Silicon Valley beef and attacked Facebook for being a hotbed of anti-vaxxer Bill Gates conspiracy theories
Dick Costolo, who was Twitter CEO from 2010 to 2015, pointed to a recent poll which found 50% of Fox viewers believed a Bill Gates conspiracy theory.
Iconic luxury department store Harrods to open its first outlet location in a bid to shift excess stock that has built up in its store during the lockdown
Harrods outlet store opens at Westfield shopping center in London in July.
10 things you need to know before the opening bell
This is what traders are talking about.
EE’s 5G service reaches 80 locations on first anniversary since launch
The firm said 5G customers are mostly using it to watch more video, with YouTube the most popular app.
EasyJet and Carnival poised to exit FTSE 100 as virus hammers travel firms
Avast, Homeserve, Ladbrokes owner GVC and Convatec have been earmarked as the most likely firms to move into the index.
Excluded from pandemic pay
More than 250,000 health, social services and corrections employees in British Columbia are receiving “temporary pandemic pay” for working on the front lines during the COVID-19 pandemic. But a local court clerk doesn't know why her and her coworkers haven't been included.
Najib Denies Using An Israeli Company To Spy On Civilians And Opposition
The operation by Najib's administration and the company was called 'Project Magnum'.
Pound-to-New Zealand Dollar Rate Breaking Down into New Lower Range, but Nears Support
The British Pound Sterling vs the New Zealand Dollar: Latest GBP/NZD News and Analysis
Scamsters create fake Facebook account of senior IPS officer in Tamil Nadu
This was an attempt to lure the officer’s followers into transferring money towards a fake finance scheme, police said
P2P Lender Archover to Begin Offering New Secured Lending Again, According to Charlotte Marsh, MD at ArchOver
Charlotte Marsh, managing director at ArchOver, a peer-to-peer (P2P) lending platform supporting SMEs business borrowing, has argued that the COVID-19 outbreak
‘We thought too big,’ Renault says as it axes 15,000 jobs in cost-cutting reboot
Faced with a slump in demand that has been exacerbated by the coronavirus pandemic, Renault detailed plans on Friday to find 2 billion euros in savings over the next three years.
Canopy posts $1.3-billion loss on impairment and restructuring charges; shares tumble
Ontario-based Canopy Growth’s net loss attributable to the company widened to $1.30 billion, or $3.72 per share, in the quarter ended March 31, from $379.5 million, or $1.10 per share, a year ago
Friday’s small-cap stocks to watch
Our roundup of Canadian small-caps making news and on the move today
Citi indicator sees 70% chance of market losses from here
Daily roundup of research and analysis from The Globe and Mail’s market strategist Scott Barlow
Renault to slash about 15,000 jobs in €2bn cost-cutting plan
Carmaker eyes production cuts after fall in demand during coronavirus crisis
Go Outdoors to reopen Shrewsbury and Wolverhampton stores
The Go Outdoors stores in Wolverhampton, Kidderminster and Shrewsbury will reopen on Saturday.
EasyJet and Carnival poised to exit FTSE 100 as virus hammers travel firms
Avast, Homeserve, Ladbrokes owner GVC and Convatec have been earmarked as the most likely firms to move into the index.
Stop and Shop extends 10% pay bump for hourly workers
Stop and Shop plans to extend a 10% pay increase until July 4.
TJ Maxx, Marshalls, HomeGoods expect to reopen end of June
There is more progress on the road to reopening for T.J. Maxx, Marshalls, and HomeGoods.
Uber Says AB5 Could Cost 158,000 Drivers Their Jobs
If Uber is forced to classify drivers in California as employees, 158,000 will be out of work, the company said. Passengers could see prices rise by 120 percent.
Starling Scores $49 million From Its Investors
Starling, a United Kingdom-based digital bank, has raised $49 million in a funding round led by its investors Merian Chrysalis Investment Co. and Harald McPike.
Vodafone Idea Denies Reports Of Likely Stake Sale Talks With Google
On Friday, Vodafone Idea shares rose 12.71% to Rs 6.56 apiece on the BSE on reports of a likely stake sale deal with Google.
ICYMI: You will now pay stamp duty on ATM printouts, some WhatsApp messages, says FIRS
The Federal Inland Revenue Service (FIRS) says Nigerians will now pay stamp duties on WhatsApp messages acknowledging receipt of funds.
Cruise ship ban extended, effectively scuttling season in Greater Victoria
The cruise-ship season that was forecast to bring more than three quarters of a million passengers to Victoria’s shores — and an estimated $130 million in economic activity — has . . .
Funds recommend keeping equity allocations on hold at 7-month low: Poll
Asset managers were almost evenly split on whether this year's lows for key indexes would be revisited.
Market movers: Vodafone in focus, pharma names rally; 2 stocks give sell signals
Here is what happened in Fridays session.
Expect demand to start picking up post Diwali: Nitin Jain
‘We have to ensure that the companies in this period are able to sustain themselves
You can now get a delivery even if supermarkets have no slots free
The service allows you to get someone else to do your shopping and bring it to your house
Renault to cut 15,000 jobs, save RM9.7 billion by 2024
Lots of movement in the Renault-Nissan-Mitsubishi Alliance lately, what with the reveal of a new business strategy and Nissan both posting severe losses
India's Test series can happen in as little as one venue depending on circumstances: Cricket Australia
Cricket Australia has not ruled out the possibility of the COVID-19 pandemic forcing a change in the schedule for India's tour of the country with the board still keeping the door open for hosting...
England to allow groups of six to meet outdoors as UK's COVID-19 lockdown eases
The changes come in over two months after the UK went into lockdown to control the spread of the deadly coronavirus on March 23 and has resulted in a death toll of over 37,800.
Karimnagar: Woman stopped by sons from entering house on suspicion of coronavirus infection
An elderly woman was stopped from entering the house by her sons on the suspicion of being infected with the coronavirus.
Iput secures €200m in ‘green finance’ for delivery of new LinkedIn HQ
Funds form part of €300m revolving credit facility agreed with Wells Fargo Bank
TJ Maxx, Marshalls, HomeGoods expect to reopen end of June
TJX Companies, the stores' parent company, says it expects most of its stores to open by the end of June.
Asia’s pension reforms call for a multi-pillar approach
As life expectancy continues to increase, with people born in developed countries since 1997 now having a 50-50 chance of living beyond 100 years1, pension systems are faced with handling retirements that could last in excess of 40 years.
Norway plans $369 million green industry investments
OSLO (Reuters) - The Norwegian government proposes spending 3.6 billion Norwegian crowns ($369 million) on investments to make its economy greener as it gradually emerges from coronavirus lockdowns, the government said on Friday.
Cyberpunk 2077 'Hands On' Gameplay Teased for June Following Night City Wire Announcement
Night City life
Mental wellness app downloads soar under lockdown
A report from Sensor Tower has found that mental wellness apps are seeing increased downloads likely due to the on-going lockdowns around the world. It's unclear if people will use them post COVID-19.
SA facing ‘hefty’ petrol price increase in June (plus diesel shortages)…
The Automobile Association says South Africa’s fuel prices are set to climb in June in a “dramatic reversal of April's chaotic fuel market”.
PruPay Building Text-Based Payments System with PayPal
Payments technology company PruPay has teamed up with Paypal to develop a text-based payments system, allowing merchants to request one-time payments from customers.
Debate over $600 in jobless aid to intensify as claims rise
The money, included in a government relief package enacted in March, is set to expire July 31.
Volkswagen Looks East To China, Pledges €2bn To Boost Beijing's Electric, New Energy Vehicle Market
The world's largest automaker group is set to enter the Chinese market as rival motor companies compete for a top spot in the world's largest car market, the company...
EE's 5G service reaches 80 locations on first anniversary since launch
The firm said 5G customers are mostly using it to watch more video, with YouTube the most popular app.
Sensex, Nifty close higher for third straight session: Key factors behind the share market rally
Amid weak cues from global markets, Sensex and Nifty opened lower, although erased early losses and reversed trend by the last hour of the session, amid rally in sector specific action. Barring IT and media, all the indices closed higher, amid heavy gains in realty, pharma and FMCG stocks
Tata-Mistry battle: Supreme Court to hear Cyrus Mistry's plea for Tata Sons board position
The apex court's final order in the matter will be important as the dispute has now boiled down to two key issues --a board position for the minority shareholder Shapoorji Pallonji group and turning back Tata Sons into a public limited company from private
Coal India share price up 10% in 5 days; a stock to bet on as India’s power demand gets back on track?
A heatwave spreading across north India and the steady resumption of economic activity has caused a sharp spike in the country’s energy consumption, with this Coal India’s share price has also surged 10% in the last five days.
What does Tesla slashing car prices really mean for the company?
Sales of all autos, generally, tanked in the last two months
Sebi seeks time to file counter in High Court on PIL against Franklin MF
The PIL had been filed by an investor protection society in response to the abrupt winding up six debt schemes worth Rs 28,000 crore of assets under management by the fund house
Govt mulls ban on loose edible oil sales post Covid-19 over health concerns
The ban, if imposed, would affect the poor consumer who buys his requirement in rupee terms from his daily wages, not by weight
Urban co-operative banks seek guarantee cover for their MSME borrowers
UCBs' outstanding loans to MSMEs amount to Rs 82,000 crore
India GDP growth slows to 3.1% in Q4, stands at 11-year low of 4.2% in FY20
The second Advance Estimates, released on February 28, had projected the FY20 growth rate at 5 per cent
Virat Kohli only cricketer to feature in Forbes highest-paid athletes 2020 list
Virat Kohli took up the 66th position in the list of Top 100 richest sportspersons in 2020.
Ethereum Just Breached a Crucial Level, and That Means Bitcoin May Rip Higher
After days of stagnating, both Bitcoin and Ethereum have registered strong gains over the past 48 hours. While it is normally BTC leading the pack, this
Blame it on virus: Future tense for farmers in distress
Progressive farmer from Mysuru loses hope on getting back his money invested in Cavendish and Zarbera cultivation By Y.D. Shekar With the nationwide lockdown for over two months, farmers who cultivated vegetables, flowers and fruits are facing massive distress due to disruptions in supply chains of the agriculture sector. Higher costs of harvesting and transportation,...
White House Punts Economic Update in Election Year
The White House has taken the unusual step of deciding not to release an updated economic forecast as planned this year, a sign of the administration's anxiety about how the coronavirus has ravaged the nation just months before the election.
Renault to cut 15,000 jobs in 'vital' cost-cutting plan
French carmaker Renault says nearly 4,600 jobs would be cut in France and more than 10,000 in the rest of the world – some 8% of the company's global workforce
LTO sets NCR license, registration renewal deadline to July 31
As NCR will transitions to GCQ on June 1, residents will now have until July 31 to renew vehicle registration, driver's licenses
McLaren to reportedly cut about 30% of their employees
Over 1,000 employees will lose their jobs at McLaren Group due to restructuring program
Volkswagen looking to buy 50% of JAC's parent company
The deal between Volkswagen and Anhui Jianghuai Automobile Group will result in a 50% ownership for each company
Australia cricket faces further cost-cutting despite improved outlook
Australian cricket faces another round of cost-cutting to shore up finances hit by the coronavirus shutdown and no part of the game will be immune, board chief Kevin Roberts said on Friday. Cricket
India, US could strike a 'smaller' trade deal in the coming weeks: Indian envoy
India and the US could strike a “smaller” trade deal in the coming weeks, India's ambassador Taranjit Singh Sandhu has said while acknowledging that the unprecedented challenges posed by the COVID-19
“My arrest shows I don’t deal with small money” – Bobrisky boasts about arrest over N30m
Nigerian cross-dresser Idris Okuneye popularly known as Bobrisky, has taken to social media to brag about his arrest over a N30 million deal. Bobrisky was picked up by officers of the Nigerian police and is
Xiaomi and Samsung receive Suraksha certification in India; stores to reopen
As companies slowly look to resume operations with their stores, here’s what shopping in “the new normal” will be like.
Should You Invest in Companies Likely to Benefit from the Great Lockdown?
Is this a recipe for disaster, or could you beat the market by aiming to predict the future?
Canopy Growth reports $1.3B fourth-quarter loss, hits reset on strategic focus
Canopy Growth Corp. is rethinking its first-to-every-market strategy after reporting a $1.3-billion loss in its fourth quarter.
First-quarter GDP worst showing since 2009: StatCan
Canada's economy had its worst quarterly showing since 2009 through the first three months of 2020 owing to COVID-19, Statistics Canada said Friday, warning an even steeper drop may be coming.
French carmaker Renault to cut 15,000 jobs worldwide
French carmaker Renault said Friday it will cut 15,000 jobs worldwide as part of a 2 billion-euro ($2.2 billion) cost-cutting plan, as a brutal drop in industry sales during the pandemic worsened the company's pre-existing problems.
The 9 Best Cheap Stocks to Fill Up On Now
Due to the devastation of the coronavirus, cheap stocks are a dime a dozen. However, these nine ideas may offer significant upside.
Michel Barnier: UK needs to get real if it wants a Brexit deal
An agreement by the end of the year will be ‘very difficult, but it is possible,’ EU negotiator says.
Furious Niger Gov revokes road contract - The Nation Nigeria
Niger Governor Abubakar Sani-Bello has ordered revocation of a road project by Jajove Solutions Services(JSS) in Suleja.He accused the...
Baby born with two mouths due to 'extremely rare' condition - Latest Nigeria News, Nigerian Newspapers, Politics
A baby girl has been born with two mouths due to a condition so rare that it has only been seen in 35 recorded cases since 1900.Doctors were...
Large-scale Summer Promotion! Windows 10 Pro Only $14
If your PC is still using the older version Windows 7/8, it’s the right time for you to upgrade the software to Windows 10. The latest software version comes with
Global stocks fall as investors brace for Trump to hit China with a 'bazooka'
Global stocks turned lower on Friday as investors prepare for fresh US-China intensification ahead of President Donald Trump's press conference ...
Gov't intervention after Fairmont Norfolk fired all employees
Prestigious hotel closed indefinitely
Electricity: Buhari approves funding for first phase of Siemens power deal
Nigeria's electricity sector may soon receive a great boost as President Muhammadu Buhari has approved funding for the first phase of a deal with Siemens AG.
Distressed retailer Party City seeks to cut debt with bond deal
Party City Holdco Inc., the retailer that has been working with restructuring advisers to cut its approximately US$2 billion debt load as social distancing scraps celebrations, is seeking approvals from creditors on a proposed deal that would trim its borrowings and inject fresh cash into the company.
Trump's China Fight Shows Covid-19 Hasn't Changed Oil's World
The pandemic has merely highlighted the market’s pre-existing conditions.
MAN UNITED: Shanghai Shenhua softens stance on possible Ighalo loan extension
Manchester United have been handed in a boost in their bid to extend Odion Ighalo's loan deal at the club, with Shanghai Shenhua
Bulgaria’s Business Proposes a Package of 54 additional Anti-crisis Measures
Bulgaria’s business and syndicates are proposing a package of 54 additional anti-crisis measures to this country’s cabinet.
US: Annual core PCE Price Index dropped to 1% in April
The Personal Consumption Expenditures (PCE) Price Index declined to -0.5% on a monthly basis in April from -0.2%, the US Bureau of Economic Analysis r
Canada's economy falls by 8.2% annualized in Q1, better than expected, USD/CAD shakes
-- more to come Canada was expected to report an annualized fall of 10% in first-quarter Gross Domestic Product. The nation's provinces entered lockdo
Pound Sterling Price News and Forecast: GBP/USD – Falling on Friday? [Video]
The broad dollar weakness is really helping Cable bulls at the moment, so much so that there is a renewed prospect of continued recovery. In the past
Court sides with Louisiana governor in fight over unclaimed property
A district court judge has ruled for Gov. John Bel Edwards’ administration in its lawsuit against Treasurer John Schroder over how to handle unclaimed financial assets.
Clean energy is outperforming fossil fuels in America, UK and Europe
Renewable power is outperforming fossil fuels in US and European markets, according to a new report published by Imperial College Business School.
The coronavirus could mark the rise of automation
The coronavirus pandemic has caused a massive surge in global unemployment. It has also highlighted the increasingly valuable role of automation in today's world.
What markets in north Nottinghamshire will look like when they reopen
Government lockdown guidelines allow them to reopen on June 1
TCG accused of short-changing PE investors in Haldia Petrochem
In 2015-16, the West Bengal government decided to transfer its stake in Haldia Petrochemicals Ltd (HPL), then a joint venture, to NRI businessman Purnendu Chatterjee’s The Chatterjee Group (TCG), bri
Fighting Covid-19 and building the future Human Resource Capital
Companies must use the pandemic to prepare for a post Covid-19 world
Minimum Wage Requirement Indicates Hamilton City Council Is Out Of Touch
Responding to Hamilton City Council's move to a minimum wage of $20 per hour for employees of its contractors, the New Zealand Taxpayers’ Union is labelling the decision tone-deaf.
SPEECH: Todd Muller - Families, Communities, Small Business
It’s great to be in Auckland.
Apple still dominates the wearables market in the first quarter of 2020
Apple still dominates the wearables market in the first quarter of 2020. In the Q1 2020, 72.6 million wearable electronic devices were shipped in the world.
Spain's government pushes through basic income guarantee to fight poverty
The Spanish government approved on Friday the creation of a minimum income worth 462 euros ($514) a month for the poorest, Deputy Prime Minister Pablo Iglesias told a news conference, in a scheme tha…
Jobless and broke, some foreign students stranded in Australia turn to handouts
MELBOURNE: Australia wooed hundreds of thousands of international students to its shores with the promise of a first-class education and ...
HDB to launch 7,800 BTO flats in August sales exercise, services and construction activities to resume
SINGAPORE: The Housing and Development Board (HDB) will offer about 7,800 flats in its Build-To-Order (BTO) August 2020 sales exercise, it said in ...
Jobless students stranded in Australia turn to handouts
MELBOURNE: Australia wooed hundreds of thousands of international students to its shores with the promise of a first-class education and ...
No, Luckin Coffee Is Not 'Too Cheap'
LK stock has briefly caught a bid this week after falling over 95%. On paper, the numbers for LK can work at the current valuation, given cash on the balance sh
The Gold/Silver Ratio Begins To Trend Lower
The Gold/Silver ratio reached a new record high in March when silver tanked. The ratio has now dropped below the 100 level as silver continues to recover. Silve
Fashion retailer PAS group goes into voluntary administration
Australia's retail climate has claimed another scalp with the owner of fashion brands Review, Black Pepper and Yarra Trail sinking in to administration.
Covid-19 to have ‘very significant impact’ on Coillte
The chief executive of Coillte, Imelda Hurley, has said the coronavirus pandemic will have “a very significant impact” on the business for at least this year.
When dams cause more problems than they solve, removing them can pay off for people and nature
Thousands of dams across the US are aging and overdue for maintenance. Taking them down can revive rivers, restore fish runs and create new opportunities for tourism and outdoor activities.
With the coronavirus, where government stumbles, litigation will step in
American ambivalence about government has left the courts to play an outsized role responding to public health crises like lead poisoning, asbestos-related illnesses and now, the coronavirus pandemic.
Shuttered Canada-US border highlights different approaches to the pandemic – and differences between the 2 countries
The US and Canada have had a long, supportive relationship. But the recent closure of the US-Canada border because of the coronavirus underscores a growing divide between the two countries.
The White House's official Twitter account reposted Trump's tweet that was flagged for 'glorifying violence'
After Twitter flagged a tweet from President Trump saying it was "glorifying violence," the White House tweeted it again shortly after 8 am.
GDP growth slows to 3.1% in Q4; core sector output contracts 38.1% in April
India Business News: The gross domestic product or GDP data released on Friday showed that the economy slowed to 3.1 per cent in the January-March quarter, partly as a res
Greece to open to tourists from 29 countries from June 15
Europe News: ATHENS: Greece said on Friday it will open to visitors from 29 countries from June 15, days before its peak tourism season begins.
Planning for major projects at industrial and residential development underway
More than a fifth of the 170 hectares of commercial land available at the country’s largest industrial and residential development have now been sold as businesses look to establish large scale local operations in a post-COVID environment.
People shielding from coronavirus ‘feel left behind’ as lockdown measures ease
Charities are concerned about the impact an indefinite isolation will have on the more than two million people shielding in the UK.
Young women in Ireland report being loneliest in EU, study finds
The findings were the first published from Eurofound’s living, working and Covid-19 online survey.
Covid-19 impact: India GDP growth slows to 3.1% in March quarter
Growth was 4.2% in the fiscal year through March 2020 as compared to 6.1% in FY19.The full impact of the lockdown on manufacturing and services will become more visible in the June quarter
How to put 'found money' generated from pandemic savings to good use
CALGARY - An elevator salesman in Calgary says two months of working from his house in the northwest part of the city have convinced him there's no plac
The future of Indian retail post-Covid
After incurring losses of about ₹90,000 crore this lockdown, the organised retail sector is working on strategies to stay in the game
West Ham headlines as €12m transfer claim made, Hammers slip down as new rich list revealed
All the very latest West Ham United news, views and transfer rumours from football.london as Gonzalo Montiel and Ryan Fredericks dominate this lunchtime's headlines
AI Startup Accern Secures $13 Million Through Series A Funding Round
Accern, a U.S.-based artificial Intelligence (AI) start-up, announced on Thursday it secured $13 million through its Series A funding round, which was led by Fu
Starling Bank Raises £40 Million From Existing Investors, Total Raised for the Year Stands at £100 Million
Digital bank Starling bank has raised £40 million from existing investors according to a note from the Fintech. Starling said the funding was led by JTC and M
Invoice Insurance Provider Nimbla Partners Wiserfunding, a Credit Risk Assessment Platform, to Enhance Business Operations
Nimbla, an invoice insurance provider, has partnered with Wiserfunding, a credit risk assessment platform that uses AI tools to evaluate business risk profiles.
Consumer discretionary stocks in the spotlight as U.S. economy reopens
A gradual lifting of lockdowns in some states has stirred hopes for a bounce back for the retailers that make up much of the sector
Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by Biondo Investment Advisors LLC
Biondo Investment Advisors LLC lifted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 22.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,361 shares of the e-commerce giant’s stock after purchasing an additional 437 shares during the quarter. Amazon.com comprises 1.5% of Biondo […]
40,729 Shares in NMI Holdings Inc (NASDAQ:NMIH) Bought by Trexquant Investment LP
Trexquant Investment LP acquired a new stake in NMI Holdings Inc (NASDAQ:NMIH) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 40,729 shares of the financial services provider’s stock, valued at approximately $473,000. Trexquant Investment LP owned about 0.06% of NMI at the end of […]
Bank of Montreal to Issue Quarterly Dividend of $0.76 (NYSE:BMO)
Bank of Montreal (NYSE:BMO) (TSE:BMO) declared a quarterly dividend on Wednesday, May 27th, Zacks reports. Shareholders of record on Tuesday, August 4th will be given a dividend of 0.76 per share by the bank on Wednesday, August 26th. This represents a $3.04 dividend on an annualized basis and a yield of 6.04%. The ex-dividend date […]
Commerce Bank Buys 2,565 Shares of PolyOne Co. (NYSE:POL)
Commerce Bank raised its stake in shares of PolyOne Co. (NYSE:POL) by 15.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 18,900 shares of the specialty chemicals company’s stock after purchasing an additional 2,565 shares during the quarter. Commerce Bank’s holdings in PolyOne were […]
Kathmere Capital Management LLC Purchases 3,849 Shares of Apple Inc. (NASDAQ:AAPL)
Kathmere Capital Management LLC increased its position in Apple Inc. (NASDAQ:AAPL) by 68.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,509 shares of the iPhone maker’s stock after buying an additional 3,849 shares during the quarter. Apple accounts for 0.9% of […]
Swiss National Bank Acquires 2,100 Shares of Global Blood Therapeutics Inc (NASDAQ:GBT)
Swiss National Bank increased its holdings in shares of Global Blood Therapeutics Inc (NASDAQ:GBT) by 1.8% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 116,800 shares of the company’s stock after purchasing an additional 2,100 shares during the quarter. Swiss National Bank owned […]
PNC Financial Services Group Inc. Buys 7,890 Shares of Elanco Animal Health (NYSE:ELAN)
PNC Financial Services Group Inc. boosted its stake in shares of Elanco Animal Health (NYSE:ELAN) by 18.5% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 50,550 shares of the company’s stock after acquiring an additional 7,890 shares during the quarter. PNC […]
Ashland Global Holdings Inc (NYSE:ASH) Shares Sold by PNC Financial Services Group Inc.
PNC Financial Services Group Inc. lowered its position in shares of Ashland Global Holdings Inc (NYSE:ASH) by 2.9% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,970 shares of the basic materials company’s stock after selling 690 shares during the quarter. PNC Financial […]
Trexquant Investment LP Purchases Shares of 8,789 Global Blood Therapeutics Inc (NASDAQ:GBT)
Trexquant Investment LP purchased a new stake in Global Blood Therapeutics Inc (NASDAQ:GBT) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 8,789 shares of the company’s stock, valued at approximately $449,000. Other institutional investors also recently modified their holdings of the […]
Heritage Investors Management Corp Sells 8,501 Shares of Apple Inc. (NASDAQ:AAPL)
Heritage Investors Management Corp decreased its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 3.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 244,454 shares of the iPhone maker’s stock after selling 8,501 shares during the quarter. Apple makes up […]
Synchrony Financial (NYSE:SYF) Position Increased by Commerce Bank
Commerce Bank increased its stake in Synchrony Financial (NYSE:SYF) by 82.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,239 shares of the financial services provider’s stock after purchasing an additional 8,709 shares during the period. Commerce Bank’s holdings in […]
Trexquant Investment LP Has $499,000 Holdings in Clean Harbors Inc (NYSE:CLH)
Trexquant Investment LP raised its stake in Clean Harbors Inc (NYSE:CLH) by 4.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,710 shares of the business services provider’s stock after acquiring an additional 382 shares during the quarter. Trexquant Investment LP’s holdings […]
Mengis Capital Management Inc. Sells 204 Shares of Apple Inc. (NASDAQ:AAPL)
Mengis Capital Management Inc. trimmed its stake in Apple Inc. (NASDAQ:AAPL) by 0.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 77,222 shares of the iPhone maker’s stock after selling 204 shares during the period. Apple comprises about 6.7% of Mengis Capital […]
Fusion Family Wealth LLC Has $325,000 Stock Position in Apple Inc. (NASDAQ:AAPL)
Fusion Family Wealth LLC decreased its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 5.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,277 shares of the iPhone maker’s stock after selling 68 shares during the quarter. Apple makes up […]
Cambridge Investment Research Advisors Inc. Has $166.59 Million Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)
Cambridge Investment Research Advisors Inc. increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 7.6% in the first quarter, Holdings Channel.com reports. The institutional investor owned 85,442 shares of the e-commerce giant’s stock after buying an additional 6,025 shares during the period. Amazon.com makes up 1.6% of Cambridge Investment Research Advisors Inc.’s holdings, making […]
Apple Inc. (NASDAQ:AAPL) is Wade G W & Inc.’s 3rd Largest Position
Wade G W & Inc. decreased its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 4.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 172,339 shares of the iPhone maker’s stock after selling 8,544 shares during the quarter. Apple accounts for […]
Apple Inc. (NASDAQ:AAPL) Shares Acquired by Noesis Capital Mangement Corp
Noesis Capital Mangement Corp lifted its position in shares of Apple Inc. (NASDAQ:AAPL) by 3.9% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,412 shares of the iPhone maker’s stock after buying an additional 541 shares during the period. Apple […]
Commerce Bank Sells 4,601 Shares of Invesco Ltd. (NYSE:IVZ)
Commerce Bank trimmed its holdings in shares of Invesco Ltd. (NYSE:IVZ) by 10.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,174 shares of the asset manager’s stock after selling 4,601 shares during the period. Commerce Bank’s holdings […]
Mackay Shields LLC Invests $640,000 in MarineMax Inc (NYSE:HZO)
Mackay Shields LLC purchased a new position in MarineMax Inc (NYSE:HZO) during the first quarter, HoldingsChannel.com reports. The fund purchased 61,400 shares of the specialty retailer’s stock, valued at approximately $640,000. Other institutional investors and hedge funds also recently modified their holdings of the company. Acadian Asset Management LLC bought a new position in MarineMax […]
Commerce Bank Buys 847 Shares of Bank of Montreal (NYSE:BMO)
Commerce Bank increased its stake in Bank of Montreal (NYSE:BMO) (TSE:BMO) by 14.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,903 shares of the bank’s stock after purchasing an additional 847 shares during the period. Commerce Bank’s holdings in Bank […]
Tractor Supply (NASDAQ:TSCO) PT Raised to $138.00
Tractor Supply (NASDAQ:TSCO) had its price target boosted by analysts at Royal Bank of Canada from $116.00 to $138.00 in a report issued on Wednesday, The Fly reports. Royal Bank of Canada’s price objective suggests a potential upside of 15.99% from the stock’s current price. A number of other equities analysts also recently commented on […]
Swiss National Bank Buys 600 Shares of FirstCash Inc (NYSE:FCFS)
Swiss National Bank increased its stake in shares of FirstCash Inc (NYSE:FCFS) by 0.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 82,812 shares of the credit services provider’s stock after acquiring an additional 600 shares during the quarter. Swiss National Bank owned about […]
Nordstrom, Inc. (NYSE:JWN) Shares Purchased by Swiss National Bank
Swiss National Bank lifted its holdings in Nordstrom, Inc. (NYSE:JWN) by 23.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 421,725 shares of the specialty retailer’s stock after purchasing an additional 79,800 shares during the quarter. Swiss National Bank’s holdings in Nordstrom […]
Madison Wealth Management Buys 1,967 Shares of Amazon.com, Inc. (NASDAQ:AMZN)
Madison Wealth Management boosted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 666.8% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,262 shares of the e-commerce giant’s stock after acquiring an additional 1,967 shares during the period. Amazon.com accounts for about 1.8% of Madison Wealth […]
Apple Inc. (NASDAQ:AAPL) Shares Bought by FineMark National Bank & Trust
FineMark National Bank & Trust grew its stake in shares of Apple Inc. (NASDAQ:AAPL) by 3.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 211,873 shares of the iPhone maker’s stock after acquiring an additional 6,583 shares during the period. […]
-$0.11 Earnings Per Share Expected for LivePerson, Inc. (NASDAQ:LPSN) This Quarter
Equities research analysts expect LivePerson, Inc. (NASDAQ:LPSN) to report earnings of ($0.11) per share for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have provided estimates for LivePerson’s earnings, with the highest EPS estimate coming in at ($0.08) and the lowest estimate coming in at ($0.14). LivePerson posted earnings of ($0.20) per […]
Capital Advantage Inc. Makes New Investment in Amazon.com, Inc. (NASDAQ:AMZN)
Capital Advantage Inc. bought a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 607 shares of the e-commerce giant’s stock, valued at approximately $1,442,000. Amazon.com accounts for 0.6% of Capital Advantage Inc.’s portfolio, […]
Apple Inc. (NASDAQ:AAPL) is Canton Hathaway LLC’s 4th Largest Position
Canton Hathaway LLC lowered its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 1.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,627 shares of the iPhone maker’s stock after selling 153 shares during the quarter. Apple makes up 2.1% of […]
Deflation fears as eurozone price growth falls to four-year low
Economists highlight dangers of an accompanying drop in demand
Welcome to the Microsoft economy
Stocks were supposed to be mired in a bear market after they plunged in March as the coronavirus pandemic shut business and sent unemployment to its highest rate since the Great Depression. Except they aren't.
People shielding from coronavirus ‘feel left behind’ as lockdown measures ease
Charities are concerned about the impact an indefinite isolation will have on the more than two million people shielding in the UK.
B2B Payments, Financing Lead Week’s FinTech Funding
B2B FinTech investors target B2B payments and small business financing with new funding rounds for Fundbox, Suryoday and others.
Optimizing Contractor Payments And Productivity For A Flexible Workforce
Management Controls discusses the value of data analytics in ensuring timely, accurate payments to contractors and promoting productivity amid a pandemic.
Costco to bring back free samples next month – but it's not going to be like it was
"It's not going to be where you go and just pick up an open sample with your fingers," said Costco's CFO.
Sensex surges 224 points, Nifty reclaims 9,500-mark
Equity benchmark Sensex extended its gains further on Friday, surging 224 points while Nifty topped the 9,500-mark.
Madras High Court issues notices to Franklin Templeton MF, Sebi
Last month, Franklin Templeton had closed six debt funds.
GDP growth at 3.1% in Q4 drags full year FY20 growth to 4.2 per cent
The govt has revised growth for the first three quarters of FY20 to 5.2% in Q1, 4.4% in Q2 and 4.1% in Q3.
KEC International Q4 results: Net profit down 3% to Rs 193 crore
Revenue during the quarter declined to Rs 3,673.73 crore as against Rs 3,845.51 crore in the year-ago period.
Calm before the storm for Japan suicides as coronavirus ravages economy
The phones at the Tokyo suicide hotline start ringing as soon as it opens for its once-weekly overnight session. They don't stop until the lone volunteer fielding calls from hundreds of people yearning to talk signs out early the next morning.
Tackling corona around the world
A long-term lock-down policy during which schools and work are also shut down, however, would cost much more but save fewer additional lives. This would likely leave society worse off.
Coronavirus impact: Daimler India offers free vehicle check-up to BharatBenz customers
Daimler Indian Commercial Vehicles has rolled out a new vehicle checkup and sanitisation campaign for BharatBenz customers and it is free of cost.
Kollect reports rise in revenues as Covid-19 hits waste collections
Start-up refocuses sales on construction sites as Irish economy slowly reopens
Investors, scientists urge IEA head to take bolder climate stance
LONDON (Reuters) - Fatih Birol, the head of the International Energy Agency (IEA), faced renewed calls to take a bolder stance on climate change on Friday from investors concerned the organisation’s reports enable damaging levels of investment in fossil fuels.
India’s tour of Australia could be held in only one or two venues if needed: CA chief Kevin Roberts
CA chief executive Kevin Roberts said the schedule could change depending on the travel restrictions due to the health crisis.
Salesforce shares dip 4% on light revenue, earnings guidance
Salesforce.com Inc. shares were down 3% in after-hours trading Thursday after the enterprise-content platform reported fiscal first-quarter results that were...
TJ Maxx, Marshalls, HomeGoods to reopen all stores in next month
TJX Companies temporarily closed its 4,400 locations on March 19 and began to reopen them on May 2.
13 puppies 'bred in horrendous circumstances' rescued by animal welfare charity
Scotland's animal welfare charity has rescued 13 puppies from an illegal dealer at Cairnryan Port in Dumfries and Galloway.
Coronavirus: People 'will have to limit contact for a long time into the future'
People will have to limit their contacts with other people for a long time into the future despite the pandemic easing, a health expert has said.
The £45 'it' dress you've probably never heard of! Striped frock by Seasalt sparks eBay bidding wars that drive prices up by 350% - as shoppers praise the 'comfortable' summer style
Cornwall-based brand SeaSalt has found itself at the centre of bidding wars on eBay. A Mumsnet user revealed she had been outbid on the £45 Mill Pool dress on several occasions.
Madras High Court issues notices to Franklin Templeton MF, Sebi: Investors Group
It further said mutual funds and the fund managers should be made to answer questions on their choice of investment, and compliance with regulatory and prudential norms, among others.
SBI EMI Moratorium calculation: Additional Rs 4.5 lakh interest on 15-year Home Loan of Rs 30 lakh
SBI EMI moratorium: State Bank of India has simplified the process of stopping the EMIs by initiating an SMS communication to nearly 85 lakh eligible borrowers asking about their consent to stop EMIs.
IOCL Recruitment 2020: Deadline for online application for engineers, graduate apprentice extended; Details
The recruitment of engineers/officers or engagement of graduate apprentice engineers (GAEs) would be done through the Graduate Aptitude Test in Engineering (GATE) 2020.
Modi’s hydroxychloroquine support to US brings first installment of mega US-India trade deal closer
India and the US could strike a smaller trade deal in the coming weeks as hydroxychloroquine supply to the US has given the two countries enough confidence.
Goldman Sachs president says bank on track to meet growth goals
Waldron was speaking at a virtual conference to investors and analysts who are listening closely for indications on the financial health of the largest US banks and their predictions for an economic recovery.
Soas to slash budgets and staff as debt crisis worsens in pandemic
Fears of takeover after auditors question whether London-based institution can continue
Vodafone Idea stock jumps 35% on report of possible stake sale to Google
Analysts, however, say a 5 per cent sale will not help much given the cash burn and rising debt
Sanitation and cleanliness on top of new age mobility firms' agenda
Firms that provide urban commuting warm up to new realities as lockdown relaxes
Volkswagen invests 2 billion euros in Chinese electric vehicle sector
Volkswagen will take a 50% stake in JAG – the parent company of state-owned JAC Motors – and a 26% share of Chinese battery supplier Gotion High-Tech
Nikkei dented by US-China tensions, but scores best month since 2015
Japanese stocks retreated from three-month highs on Friday as escalating US-China tensions over Hong Kong prompted investors to lock in profits, but easing coronavirus restrictions helped Nikkei mark
2 Stocks I'll Hold Forever
These companies both have the capacity to keep growing their revenues at a strong and steady pace for the long term.
5 Quotes to Help Plan for Retirement
Wisdom from the world's wisest students of the market is surprisingly simple, even if difficult to adhere to.
5 Must-Know Investing Rules for Newbies
Ready to step up your wealth game and start investing? Read this first.
Another delay in release of SAA rescue plan
Rescue practitioners Siviwe Dongwana and Les Matuson have asked creditors for another extension — the fourth thus far — to the deadline to publish SAA’s business rescue plan.
Union steps in with food vouchers and legal action as Denel fails to pay May salaries
Trade union UASA has set up a fund to assist its members after the embattled state-owned enterprise, Denel, abruptly announced that it would not be able to pay its employees in May. The union says they will be taking the matter to court.
Sudan does an about-turn in US relations
Will Khartoum’s deal to pay compensation for the 1998 bombings change its global stance?
VW spending $2.2B to expand in China's electric car market
Volkswagen is spending 2 billion euros (US$2.2 billion) to expand its presence in China's electric car industry in the biggest foreign investment announced since the country's economy began to reopen following the coronavirus pandemic.
3 Natural Gas Stocks for a Cleaner Future
Strong demand for natural gas is likely from emerging markets in the coming decade. This will trigger growth and value creation for natural gas stocks.
How This Week Highlights the Challenges Facing General Electric Stock
GE stock hasn't gotten off the mat, even as peers have rallied. This week shows why investors are skeptical — and how GE isn't what it was.
10 Penny Stocks to Buy Under $5 That Might Be Worth the Risk
When looking for penny stocks to buy under $5, you’ve got to go dumpster diving. That’s never an easy task when stocks aren't cheap.
Slim Vaccine Chances Make iBio Stock Too Speculative Here
Every investor is betting on a vaccine. Unfortunately, the case for IBIO stock is simply too speculative, as its trials remain under wraps.
Hong Kong’s Turmoil Makes EWH a Profitable Put Play
With more protests starting in Hong Kong, I think a bearish position on iShares MSCI Hong Kong ETF (NYSEARCA:EWH) is a great way to add some bearish protection.
Legal lifeline for businesses refused critical coronavirus pay out
Michelmores is inviting businesses whose claims have been declined to help in the legal fight
Challenges awaiting private schools after reopening
Whenever the Federal Government reopens schools for physical classes, some challenges are bound to confront private schools...
Electricity distribution operators survived COVID-19 emergency
Electricity distribution operators successfully kept lights on for the world during the lockdowns imposed in the initial stages of COVID-19 emergency.
Ice-cream company who struggled to find staff now flooded with applications
“Last year, I struggled to get drivers. We had to pay for ads everywhere and even at that, I might have received 20 applicants in two months"
Owner of Dublin restaurant and pub group ordered to pay ex-girlfriend €104,000 for unfair dismissal
In her hard-hitting ruling,WRCAdjudication OfficerNiamhO’Carroll Kelly found that theunnamed business owner 'took advantage of his personal relationship with the complainant in an attempt to force her out of the company so as to ensure minimal financial impact on the company'
Statistics Dept: Malaysia should redeploy its unemployed surplus labour to essential services industries
KUALA LUMPUR, May 29 — Malaysia needs a dynamic labour market policy in order to address a labour market disequilibrium which was the result of the Covid-19 pandemic and movement control order (MCO) put in place to control the disease’s infection rate. The Department of Statistics Malaysia...
Energy Commission to hold competitive bidding process for LSS photovoltaic plant development
PUTRAJAYA, May 29 — The Energy Commission (EC) will hold a competitive bidding process to select a company or a consortium for the development of a large-scale solar (LSS) photovoltaic (PV) power plant costing RM4 billion in Peninsular Malaysia with a target capacity of 1,000MWac. The EC, in a...
Tan Chong takes 15.8pc stake in Warisan TC’s vehicle auction services unit
KUALA LUMPUR, May 29 — Vehicle assembler and distributor Tan Chong Motor Holdings Bhd (TCMH) is subscribing to new shares representing 15.79 per cent equity interest in its sister company Warisan TC Holdings Bhd’s subsidiary, MUV Marketplace Sdn Bhd (MUVM), for RM15 million. Warisan and MUVM,...
The UK made just 197 cars last month, a drop of 99.7% as coronavirus tanks factory output
The UK produced only 197 cars in April, 99.7% lower than its output in April 2019, with production almost entirely stopped by coronavirus, the S...
Shropshire shark boy cycles 26 miles for the NHS
A Shropshire teen cycled around his village 24 times dressed as a shark to support the NHS.
Google (NASDAQ: GOOGL) Terminates Thousands of Job Offers as It Continues to Battle a Plunge in Ad Revenue
Google has now canceled the job offers of thousands of temporary and contract workers as it continues to battle a decline in ad revenue
SpaceX Starship Launch Insurance Requirement Jumps To $198 Million
Aerospace manufacturer SpaceX was granted a license for suborbital flights by the FAA yesterday, which included new insurance costs.
IMF warns stock investors to pay more attention to climate risks
Investors worldwide are underestimating the financial risks from climate change, and companies need to start disclosing their exposure, according to the International Monetary Fund.
Hidden Cost of Mass Layoffs: Why Job Cuts Won’t Solve States’ Budget Crisis
States and cities are slashing jobs in the face of huge deficits. But making the budget math work isn’t quite so simple.
Why Is Facebook for Remote Work? It Wants Pay Cuts
The company seems intent on reining in tech wages by hiring all over the country at lower salaries.
GDP: 3.1% for March quarter, 4.1% for year. But it is not due to coronavirus
GDP growth rate for March quarter slipped to 3.1% from 4.7% recorded during the previous quarter. The economy grew by 4.2% in 2019-20 for year. The coronavirus lockdown will have more impact in June quarter.
ACB Stock Price: Aurora Cannabis Inc. drops further to sub-$15.00 levels
Aurora Cannabis Inc. (ACB) is prolonging the weekly correction lower to the area below the $15.00 mark, posting at the same time fresh multi-day lows
Gold Price Analysis: XAU/USD pulls away from daily highs, trades above $1,725
The troy ounce of the precious metal advanced to a fresh daily high of $1,733 during the early trading hours of the American session but struggled to
Wall Street opens mixed as investors wait for US Pres. Trump's announcements on China
Wall Street's main indexes started the last day of the week on a mixed tone as investors seem to be staying reluctant to make large bets ahead of US P
Canada: The loonie does not react to better than expected GDP – TDS
Real GDP for Q1 and March surprised to the upside with contractions of 8.2% q/q (TD/market: -10%) and 7.2% m/m (TD: -7.0%, market: -8.5%), per TD Secu
USD/JPY off lows, still in the red below mid-107.00s ahead of Trump
The USD/JPY pair now seems to have entered a bearish consolidation phase and was seen oscillating in a range near two-week lows, just above the 107.00
Act fast: The $200 Nintendo Switch Lite is back in stock at Amazon
The Nintendo Switch has been impossible to find in recent much, but the mobile-only Nintendo Switch Lite is now in stock at Amazon, albeit in limited colors.
Alberta to distribute 20 million face masks at A&W, McDonald's and Tim Hortons drive-thrus
The Province of Alberta will begin distributing non-medical face masks at A&W, McDonald's and Tim Hortons drive-thrus across the province in early June, Health Minister Tyler Shandro announced Friday.
Digital-only local newspapers will struggle to serve the communities that need them most
This week News Corp Australia announced the end of the print editions of 112 suburban and regional mastheads – about one-fifth of all of Australia's local newspapers. Of those, 36 will close and 76 ...
India's Fiscal Deficit Widens To 4.59% Of GDP
India ended the year with a fiscal deficit of 4.59 per cent of gross domestic product, against the target of 3.8 per cent.
Financial sector weighs on Toronto, U.S. stock markets mixed in early trading
TORONTO — Canada's main stock index fell in early trading as losses in the heavyweight financial sector offset gains by materials stocks. The S&P/TSX composite index was down 63.98 points at 15,198.75.
Wipro appoints Thierry Delaporte as CEO and MD
Wipro has appointed Thierry Delaporte as the Chief Executive Officer and Managing Director of the company, effective July 6.Until recently, Thierry Delaporte was the Chief Operating Officer of Capgemi
Over $100,000 Goes To Support Whanganui Businesses Through COVID
Whanganui & Partners has distributed over $100,000 to Whanganui businesses to support them in adapting to challenges caused by COVID-19.
Coronavirus: FAO seeks $350 million to fight hunger
The FAO said some 820 million people around the world are experiencing chronic hunger – not eating enough caloric energy, to live normal lives.
Analysts welcome reduction of lending rate by CBN
Financial analysts on Friday said the reduction of the monetary policy rate from 13.5 to 12.5 per cent, as announced by the Central Bank of Nigeria would
With 'Main Street' in view, Fed weighs risks of job, productivity shocks
U.S. Federal Reserve officials have talked broadly about helping households and firms through the current economic crisis and quickly unleashed ...
Hitachi Ltd (HTHIY) on Q4 2020 Results - Earnings Call Transcript
Hitachi Ltd (OTCPK:HTHIY) Q4 2020 Earnings Conference Call May 29, 2020, 02:30 ET Company Participants Yoshihiko Kawamura - Representative Executive Officer, SV
Invesco Mortgage Capital: 3 Preferred Series Yielding Over 10%, Plus 2 Option Trades
The mortgage-backed securities market had a crisis in March, with values driven lower, and mREITs crashing in price. The Fed came to the rescue, buying billions
National Bank of Greece S.A.'s (NBGIF) CEO Pavlos Mylonas on Q1 2020 Results - Earnings Call Transcript
National Bank of Greece S.A. (OTCPK:NBGIF) Q1 2020 Results Earnings Conference Call May 28, 2020, 11:45 AM ET Company Participants Pavlos Mylonas - Chief Execut
Fortescue and Andrew Forrest lose High Court appeal over exclusive native title of WA’s Yindjibarndi people
Australian mining giant Fortescue Metals Group (FMG) has lost its High Court bid to appeal against a native title determination that covers one of its
India's Q4 FY20 GDP Down To 3.1%, 2019-20 Growth Shrinks To 4.2%
On a sequential basis, the quarterly growth rate has progressively come down from 5.2 per cent in Q1 of 2019-20 to 4.4 per cent in Q2 and 4.1 per cent in Q3.
The 41 most watched TV shows of the last year, according to Nielsen ratings
The list includes hit network dramas and sitcoms like "NCIS" and "The Conners," as well as ESPN's "The Last Dance" docuseries.
Cane arrear reaches Rs 17,134 crore so far in 2019-20 season: Centre
India Business News: NEW DELHI: Cane dues to be paid by sugar mills to farmers have reached Rs 17,134 crore so far in the 2019-20 season that will end in September, accord.
FY20 fiscal deficit widens to 4.59% of GDP, higher than budget aim of 3.8%
This would mean that the government will have limited space to provide economic relief to businesses and individuals hit by coronavirus crisis.In absolute terms, total receipts of the government were ₹17.5 lakh crore against the estimate of ₹19.31 lakh crore
GDP growth slows to a 11-year low of 4.2%, Q4 slumps to 3.1%
In 2019-20, the Indian economy grew by 4.2% against 6.1% expansion in 2018-19.
Reopen Koyambedu market, other shops, traders urge govt.
Association says alternative site affected business, farmers’ livelihood
Canada’s economy saw record decline in March, with worse numbers forecast for April
Statistics Canada says GDP fell 7.2 per cent in March; the agency is forecasting a decline of 11 per cent in April as COVID-19 lockdowns took hold
Commerce Bank Buys 1,732 Shares of CarMax, Inc (NYSE:KMX)
Commerce Bank increased its stake in shares of CarMax, Inc (NYSE:KMX) by 34.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 6,757 shares of the company’s stock after purchasing an additional 1,732 shares during the quarter. Commerce Bank’s holdings in CarMax were worth $363,000 […]
Citizens & Northern Corp Has $3.81 Million Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)
Citizens & Northern Corp increased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 4.2% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 1,952 shares of the e-commerce giant’s stock after purchasing an additional 79 shares during the quarter. Amazon.com makes up approximately 2.4% of Citizens & Northern Corp’s investment portfolio, making the stock its […]
Rhumbline Advisers Buys 153,817 Shares of Coty Inc (NYSE:COTY)
Rhumbline Advisers boosted its stake in shares of Coty Inc (NYSE:COTY) by 27.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 706,118 shares of the company’s stock after purchasing an additional 153,817 shares during the quarter. Rhumbline Advisers […]
Amazon.com, Inc. (NASDAQ:AMZN) is Partnervest Advisory Services LLC’s 9th Largest Position
Partnervest Advisory Services LLC boosted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 26.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,379 shares of the e-commerce giant’s stock after buying an additional 291 shares during the period. […]
Russell Investments Group Ltd. Raises Stake in Match Group Inc (NASDAQ:MTCH)
Russell Investments Group Ltd. boosted its position in Match Group Inc (NASDAQ:MTCH) by 117.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,850 shares of the technology company’s stock after buying an additional 25,326 shares during the […]
Bank of New York Mellon Corp Has $20.07 Million Stake in Match Group Inc (NASDAQ:MTCH)
Bank of New York Mellon Corp boosted its position in shares of Match Group Inc (NASDAQ:MTCH) by 10.9% during the first quarter, HoldingsChannel reports. The institutional investor owned 303,838 shares of the technology company’s stock after purchasing an additional 29,902 shares during the period. Bank of New York Mellon Corp’s holdings in Match Group were […]
Thierry Delaporte, the first foreign CEO of Wipro, is no stranger to Indian IT
Delaporte, who joined Capgemini in 1995, through its acquisition of Sogeti, started with auditing. Soon, he led the finance operations for the company across regions outside of Europe. He moved to sales and later led Capgeminis Global Financial Services Strategic Business Unit before moving on to head the companys Latin American operations.
F&O: Nifty50 structure looks bullish; supports shift higher
Going forward, Nifty will face resistance at 9,730 and then 9,889 levels.
BNI Syariah sees profit soar in Q1, chances to expand international banking services
BNI Syariah net profit soared 58.1 percent year-on-year (yoy) to Rp 214 billion (US$14.46 million) in the first quarter.
Ireland Funds’ Chief Executive steps down after one year
Mr Cronin intends to spend more time with family and will move back to Ireland
Plunging sales force Nissan to leave Korea
SEOUL, May 29 (UPI) -- Japanese automaker Nissan Motor announced Thursday that it plans to pull out from South Korea at the end of 2020, 16 years after it entered the country in 2004.
J&J's Ebola vaccine wins EU regulatory panel backing
(Reuters) - A panel of the European health regulator on Friday recommended approving Johnson & Johnson’s two-dose experimental vaccine for Ebola in the European Union.
OPEC delivers three quarters of record oil cut in May: survey
LONDON (Reuters) - OPEC oil output hit the lowest in two decades in May as Saudi Arabia and other members started to deliver a record supply cut, a Reuters survey found, although Nigeria and Iraq are laggards in making their share of the reduction.
Crisis-hit Wall Street checks in to Zandi's 'impairment studio'
NEW YORK (Reuters) - When Wall Street doesn’t know where the world economy is heading, it books a session at Mark Zandi’s “impairment studio”.
You Can Buy The 55-inch Toshiba 4K Fire TV For $370 Today
Amazon has a great price on the Toshiba 55-inch 4K Fire TV today, allowing you to pick one up for just $369.99. That is good for a savings of around $80.
The HP example: How to do collaboration and remote work right
Companies that figure out how to carry on successfully with a distributed workforce can emerge from the ongoing pandemic stronger than before. HP offers lessons on how to do that.
Hog farms in coronavirus crisis need more aid, say producers
More federal aid is needed if hog farmers are to survive the coronavirus pandemic, which has depressed market prices and slowed pork production.
Record global corn and wheat crops on the way
World grain production will reach an all-time high of 2.23 billion tonnes, with record-setting wheat and corn harvests.
‘At the most elite institutions, college can basically be a finishing school:’ Coronavirus raises new questions about the value of higher education
After universities moved online in the spring, the question of what college tuition actually buys took on new resonance.
India Rules Out Any Plan to Restrict Chinese Foreign Portfolio Investors
New Delhi (Sputnik): Border tension has been simmering between India and China after a skirmish between patrol parties in Ladakh's Galwan Valley sector earlier this...
Lufthansa Not Ruling Out Bankruptcy Option if Gov't Aid Package Not Arranged, Report Says
MOSCOW (Sputnik) - German flag carrier Lufthansa reserves the right to file for bankruptcy if negotiations with the government over a multi-billion coronavirus-related...
Govt lowers GDP growth rates for Q1, Q2 and Q3 in revised data
GDP growth has now been revised to 4.4 per cent in Q2 compared to 5.09 per cent earlier
Credit card, personal and MSME loans fall up to 10% during coronavirus lockdown
This is despite the borrowers opting for loan moratorium, which ideally increases the outstanding loan book because the deferred interest and principal get added to the loan amount
Hotels report 82% drop in occupancy; recovery unlikely before September
The other key parameter ADR (average daily rate) has come down sharply as well. For instance, the average room rate for a branded hotel in April was Rs 4,113 per night, which was 27 per cent lower than the ADR in the same month last year
Inside Wipro's new CEO appointment: How IT firm got lucky with Thierry Delaporte
Industry observers say that Wipro has been 'sheer lucky' to get him onboard given the tepid performance of the company for over last three-four years
Last day for buying, selling RIL-Rights Entitlement, shares surge 48% from May 20; should you buy today?
From an opening price of Rs 152 on May 20, Reliance Industries' rights entitlement (RIL-RE) share price has surged 48 per cent to hit today's high of Rs 225 apiece on NSE.
Emerging trends in warehousing segment post Covid-19 lockdown
At a time when the Indian real estate industry has been facing headwinds on account of a difficult residential market, the warehousing property segment has emerged as a promising investment opportunity for institutional investors.
Nick Offerman is Selling Comedy Specials Online to Benefit America’s Food Fund
Nick Offerman comedy specials are being put up for sale online by the actor/comedian, with proceeds set to benefit America's Food Fund.
Bank credit shrinks 1.2% in April, gross bank credit falls to Rs 91.53 trn
Loans in the retail segment contracted 2.5 per cent to Rs 24.90 trillion
GDP data: Yet another huge knock for Modi govt's economic growth story
India's economic growth falls for a third successive year, fiscal deficit widens to 4.6%; agriculture and govt spending prevent further decline
Fiscal deficit widens to 4.6% of GDP in FY20 on poor revenue realisation
The deficit, which signifies the gap between government revenue and expenditure, is higher than the revised estimate of 3.8 per cent for the fiscal
Lockdown effect: Core sector output crashes record 38.1% in April
Infra segment hurt the most as cement and steel output tank by more than 80 per cent
Samsung Exclusive Stores in India are now certified for safety by Suraksha
Every Samsung Exclusive Store in India is now Suraksha-certified to ensure consumer safety during the COVID-19 pandemic. Suraksha (meaning 'protection' in Hindi) is a public private initiative that a
13 Lucky Men Who Have Been Linked to Nina Dobrev
Nina Dobrev has romanced quite a few leading men on screen, but she's also stolen a few of her costars' hearts in real life, too. It shouldn't really come as a
Chile, Peru secure credit lines from IMF amid pandemic
(UPDATED) The International Monetary Fund grants Chile a $24-billion credit line and Peru an $11-billion credit line, both for two years
Roam close to home: Europe’s tourists play safe in pandemic
Countries hope travel bans will be lifted in time to give their economies a boost
Nigerians to pay stamp duties on ATM printouts, some WhatsApp messages – FIRS
The Federal Inland Revenue Service (FIRS) revealed that Nigerians will now pay stamp duties on some WhatsApp messages, SMS, and messages via any electronic platform acknowledging receipt of funds. Stamp duties will also be paid by
Consumer Spending Fell 14% In April, Led By Much Lower Food Expenses
Disposable incomes rose by 13%, lifted by federal coronavirus relief efforts, but a lot of this extra cash ended up in savings accounts.
Newmark Capital tipped as buyer of $120m David Jones store
Melbourne-based Newmark Capital has started the ball rolling in post COVID-19 retail property deals.
If we must have a pay freeze, spare front-line jobs dominated by underpaid women
Any halt to pubic sector pay rises in NSW needs to be short-lived, and the way to recovery must account for the glaring gender pay gap.
We must create more jobs, not give extra money to public servants
Public sector pay rises in the middle of a global pandemic do not benefit the 8 million people of NSW, many of whom are suffering right now.
Developer offers tenants half-price rent at prime site
Rents are being cut in half in a new office development just south of Sydney's CBD.
Reality check for hot city fringe office markets
Vacancy in city fringe office markets is expected to almost double by the end of next year.
Redcape Hotel to reopen pubs as restrictions taper off
Listed pub group Redcape says its primed to reopen its doors on Monday, with new-look properties and changes to how it serves customers in the post-pandemic era.
'There was this superior attitude': Nine boss lifts lid on NRL negotiations
Nine boss Hugh Marks provides an insight into one of the most turbulent sports rights negotiations in the country's history.
3 Reasons to Still Trust High-Flying Wayfair
The economy is just turning around, which would benefit the online furniture retailer.
With New Vehicles on the Horizon, Ford Stock Is Back in Gear
Ford's Mustang Mach-E will give Tesla a run for its money, plus the Bronco and F-150 will get fans excited again
Despite Catalysts, Penn Stock Remains a Sell
There's plenty to be excited about with PENN stock. But with shares getting ahead of themselves, steer clear until shares take a breather.
CIMFR recruitment 2020: Apply for 23 posts for technical assistant, check details
CIMFR recruitment 2020: A total of 23 posts are on offer. The application process is on and interested and eligible candidates can apply till July 25 at the official website, cimfr.nic.in.
India quarterly growth worst in two decades as lockdown bites
MUMBAI, May 29 — India’s economy grew at its slowest pace in at least two decades last quarter, government data showed today, with warnings of far worse to come as it grapples with the fallout of the world’s largest coronavirus lockdown. Asia’s third-largest economy expanded by just 3.1 per...
IOI Properties’ Q3 profit falls due to Covid-19 pandemic
KUALA LUMPUR, May 29 — IOI Properties Group Bhd’s (IOIPG) net profit in the third quarter (Q3) ended March 31, 2020, fell 63 per cent to RM71.36 million from RM194.70 million a year earlier. Revenue for the quarter declined to RM401.43 million against RM487.74 million previously. The property...
You Can Immediately Save $50 on Apple’s Latest iPad, Pay Just $279
Apple's latest seventh-generation iPad is currently seeing a $50 discount, which means you can pick it up for just $279.
Identical twins who were former gang members quit, turn millionaires
Sam and Steve Nico Williams, a 38-year-old set of twins have dropped their gang lifestyle and focused on building their own business which has been successful
Uber-Grubhub deal hinges on breakup fee after narrowing price gap
Uber Technologies Inc. and Grubhub Inc. are haggling over a breakup fee after nearing an agreement on a merger price, according to people familiar with the matter.
Coronavirus: Rishi Sunak urged by MPs to extend self-employed help
A group of 113 MPs and a 100,000-strong petition warn ending a support scheme would cause hardship.
The man leading the fight for Australia's second airline
Virgin Australia has been the highest-profile victim of COVID-19. And its collapse has thrown the formerly under-the-radar Vaughan Strawbridge into the spotlight.
Bricks and slaughter as CBDs turn to ghost towns
Billions of dollars are up in smoke in the office heartlands of Australia's biggest cities after workers fled to escape the spread of the deadly COVID-19 virus, leaving investors wondering if the sector can ever regain its reputation as a defensive yield play.
Australia's back in business - but nothing is usual
As the lockdown lifts, pubs, restaurants, tourism operators and funeral homes are all changing the way they operate.
Alan Howard’s Hedge Fund Soars 100% in Virus-Fueled Chaos
Billionaire Alan Howard has doubled his investors’ money in the coronavirus crisis.
Prices of certain imports such as rice ‘expected to rise’
Bonakele says although prices of essential goods spiked as a result of panic buying, they have since stabilized.
GBP/USD: New month, new falls amid a never ending Brexit story
GBP/USD cannot complain about the lack of volatility – albeit things are becoming more complex. The first week of June consists of top-tier US publica
Gold Price News and Forecast: XAU/USD at yesterday’s high [Video]
The outlook for gold remains on a knife edge. Following the rebound from $1693 on Wednesday the market has rallied back into the resistance around the
USD/CAD rebounds from multi-month lows, trades above 1.3770
The USD/CAD pair dropped to its lowest level since early March at 1.3713 during the early trading hours of the American before staging a decisive reco
EUR/USD: Outside overbought territory bulls will keep at the helm
Bulls are in control, as long as the EUR/USD pair remains outside the overbought territory. Nonetheless, Early June's daily chart is painting a mixed
Nissan settles dispute with Tamil Nadu government over unpaid dues of Rs 5000 crore: Report
The Japanese auto major was to receive between Rs 1400 crore (USD 185 million) and Rs 1800 crore (USD 238 million) as per the settlement, said the report.
US consumer spending sinks by record 13.6% in face of virus
WASHINGTON — U.S. consumer spending plunged by a record-shattering 13.6% in April as the viral pandemic shuttered businesses, forced millions of layoffs and sent the economy into a deep recession.
Canopy Growth reports $1.3B fourth-quarter loss, hits reset on strategic focus
Canopy Growth Corp. is rethinking its first-to-every-market strategy after reporting a $1.3-billion loss in its fourth quarter. The Smith Falls, Ont.
US consumer spending sinks by record 13.6% in face of virus
WASHINGTON — U.S. consumer spending plunged by a record-shattering 13.6% in April as the viral pandemic shuttered businesses, forced millions of layoffs and sent the economy into a deep recession.
Centre will soon decide on opening shops in malls: Goyal
‘MSME schemes, including credit guarantee programme, covers traders also’
Handicraft exporters to attract global buyers virtually amid Covid curbs
More than 200 exporters to participate in online exhibition from June 1-4
Nick Vile Joins Executive Leadership Team Under Realignment To Promote More Seamless Delivery
oOh!media today announced that Nick Vile, General Manager of its New Zealand operations, has been elevated to the company’s Executive Leadership Team (ELT) as part of a realignment to promote greater cohesion and integration across the business.
Fors and against investing in cryptocurrency you need to be aware of
Investing in cryptocurrency seems to be a major risk for some. The article outweighs the pros and cons of investing in cryptocurrency
Fishers confirm immediate closure of its Perth laundry
“This has been an incredibly hard decision, closing a good laundry and losing great people, many with long service"
Nepali Sherpas wait, grow potatoes as Himalayas remain closed due to COVID-19
Had it not been for the coronavirus, Nepali climbing guide Tashi Lakpa Sherpa would have been on Mount Everest now, guiding clients and trying to ...
3M: Don't Buy This Dividend King And No, COVID-19 Is Not To Blame
MMM is a Dividend King with a 61-year streak of increasing dividends and has been a dividend growth investor favorite. First-quarter results were acceptable and
Selling My Uber To Get More Uber
A Grubhub deal seems like a foregone conclusion at this point. Uber seems like the most likely winner of a consolidation deal at this time. Other players like D
Nutanix: Strong Subscription Revenue Proves Bull Thesis
Nutanix reported revenue and billings growth of 11% during the quarter, though subscription revenue grew an impressive 55% and represents ~82% of total revenue.
Marathon Oil: A Strong Balance Might Not Be Enough
Marathon Oil reported an adjusted loss of $0.16/share for Q1-2020 and with declining production and oil prices of less than $40/bbl, it might report more losses
Dundalk Shoppers: New 'Traffic Light' queue system to be rolled out at Lidl stores
Lidl Ireland are introducing a new Covid-19 queue management system designed to control the number of customers entering and exiting the store at any one time, in order to maintain social distanc...
THE ONLINE GROCERY REPORT: The coronavirus pandemic is thrusting online grocery into the spotlight in the US — here are the players that will emerge at the top of the market
This report looks at the state of online grocery adoption before the shopping method became vital to many consumers amid the pandemic.
The best deals to expect during Amazon Prime Day 2020
Prime Day 2020 is reportedly coming up in September. Here's how to prepare and what types of deals to expect during Amazon's biggest shopping event.
Real-time payments are seeing rapid uptake during the pandemic
The Clearing House's real-time payments network may quickly attract FIs as the pandemic convinces firms to adopt the speedy payment option.
Elon Musk just cleared the first of 12 levels that end in a $55 billion payday. Here's how his elaborate Tesla compensation plan works.
Musk's compensation agreement with Tesla includes 12 "tranches" of stock options that become available only after certain goals are hit.
Endeavour receives shareholder approval for Semafo merger
Endeavour Mining has announced that its shareholders have voted “overwhelmingly” in favour of its acquisition of Semafo, which was announced in March.
Government to negotiate new deal with private hospitals
The current deal to use private facilities during the Covid-19 crisis will not be extended beyond the end of June.
Concession in fixed charge of power bills
The government has decided to grant 25% concession in the fixed charge of the power bills of commercial and industrial units and private hospitals for March, April and May and granted time up to Decem
Newmark Capital tipped as buyer of $120m David Jones store
Melbourne-based Newmark Capital has started the ball rolling in post COVID-19 retail property deals.
If we must have a pay freeze, spare front-line jobs dominated by underpaid women
Any halt to pubic sector pay rises in NSW needs to be short-lived, and the way to recovery must account for the glaring gender pay gap.
We must create more jobs, not give extra money to public servants
Public sector pay rises in the middle of a global pandemic do not benefit the 8 million people of NSW, many of whom are suffering right now.
Developer offers tenants half-price rent at prime site
Rents are being cut in half in a new office development just south of Sydney's CBD.
Reality check for hot city fringe office markets
Vacancy in city fringe office markets is expected to almost double by the end of next year.
Redcape Hotel to reopen pubs as restrictions taper off
Listed pub group Redcape says its primed to reopen its doors on Monday, with new-look properties and changes to how it serves customers in the post-pandemic era.
'There was this superior attitude': Nine boss lifts lid on NRL negotiations
Nine boss Hugh Marks provides an insight into one of the most turbulent sports rights negotiations in the country's history.
Mackay Shields LLC Increases Holdings in Vanda Pharmaceuticals Inc. (NASDAQ:VNDA)
Mackay Shields LLC lifted its position in Vanda Pharmaceuticals Inc. (NASDAQ:VNDA) by 16.5% in the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 64,822 shares of the biopharmaceutical company’s stock after purchasing an additional 9,200 shares during the period. Mackay Shields LLC owned 0.12% of Vanda Pharmaceuticals […]
Insider Selling: MGP Ingredients Inc (NASDAQ:MGPI) Director Sells $21,870.00 in Stock
MGP Ingredients Inc (NASDAQ:MGPI) Director Karen Seaberg sold 250 shares of the business’s stock in a transaction that occurred on Saturday, February 1st. The stock was sold at an average price of $87.48, for a total transaction of $21,870.00. Following the sale, the director now directly owns 3,977 shares in the company, valued at approximately […]
PizzaExpress to launch pasta delivery service in hunt for revenues
Chain’s private equity owners consider survival options including restaurant closures and debt-for-equity swap
Threshold are calling for an immediate extension on the ban of evictions and rent increases
Threshold, an Irish housing charity, has today called for an extension on the ban currently in place on evictions and rent increases, which is due to...
India quarterly growth worst in two decades as lockdown bites
India's economy grew at its slowest pace in at least two decades last quarter, government data showed Friday, with warnings of far worse to come as it grapples with the fallout of the world's largest coronavirus lockdown. The figures beat even gloomier forecasts, with Bloomberg News predicting
COVID-19 recasts internet as a utility for every home
Jorg Welters explores how the telecommunications sector has grown amid the COVID-19 crisis after broadband is perceived to be essential to surviving lockdown
"Bleak and depressing reading” - Figures highlight retail sector lockdown woes
The latest national retail figures make for “very bleak and depressing reading” as the effect...
No decision taken on setting up bad bank: Finance Ministry official
Even the Economic Survey 2017 had proposed this idea, suggesting the creation of a bad bank called Public Sector Asset Rehabilitation Agency (PARA) to help tide over the problem of stressed assets.
ESAF Small Finance Bank Q4 results: Net profit zooms two-folds to Rs 190 crore
The bank's advances grew 37 per cent to Rs 6,818 crore with deposit rising 63 per cent to Rs 7,028 crore.
ET View: Even before Covid, economy was slumping
The government needs to fix the banks and create a functional bond market. This alone can raise the rate of investment. Gross fixed capital formation as a share of GDP was down to 26% in Q4 of 2019-20, and 26.9% for the year as a whole. Without raising it by six percentage points of GDP, India cannot shed its low growth trap.
HCL's acquires Cisco's SON tech for $49 million; to boost 5G tech deployment
The acquisition, which comprises of products and services built on Ciscos SON technology, will help HCL cater to customers in the telecommunications industry as SON has become a major component in the move towards 5G networks, including tier-one communications service providers globally.
Fiscal deficit widens to 4.6% of GDP in 2019-20
As per CGA data, the FY20 fiscal deficit worked out to be 4.59% of the GDP, while the revenue deficit was 3.27%.
Krakatau Steel books first profit in eight years
The company booked US$74.1 million in profit in the first quarter this year, a major switch from the $62.3 million loss it suffered in the same period last year, as its cost of revenue and administrative expenses dropped 39.8 percent and 41.5 percent respectively.
Renault, Nissan and Mitsubishi cars to share more commonality than ever before
The Renault-Nissan-Mitsubishi Alliance has faced a rough year globally with management upheavals, dropping sales and a flawed sales strategy. This is a major step towards rectifying these issues
Newmark Capital tipped as buyer of $120m David Jones store
Melbourne-based Newmark Capital has started the ball rolling in post COVID-19 retail property deals.
If we must have a pay freeze, spare front-line jobs dominated by underpaid women
Any halt to pubic sector pay rises in NSW needs to be short-lived, and the way to recovery must account for the glaring gender pay gap.
We must create more jobs, not give extra money to public servants
Public sector pay rises in the middle of a global pandemic do not benefit the 8 million people of NSW, many of whom are suffering right now.
Developer offers tenants half-price rent at prime site
Rents are being cut in half in a new office development just south of Sydney's CBD.
Reality check for hot city fringe office markets
Vacancy in city fringe office markets is expected to almost double by the end of next year.
Redcape Hotel to reopen pubs as restrictions taper off
Listed pub group Redcape says its primed to reopen its doors on Monday, with new-look properties and changes to how it serves customers in the post-pandemic era.
'There was this superior attitude': Nine boss lifts lid on NRL negotiations
Nine boss Hugh Marks provides an insight into one of the most turbulent sports rights negotiations in the country's history.
Govt plan new deal with private hospitals before second wave of coronavirus
The government will seek to negotiate a new deal with private hospitals from the end of June.
Forecast: Pleasant conditions expected through the weekend
Breezy trade winds with mainly windward showers are expected through the weekend.
Deribit’s Ether Options Hit All-Time-High Amidst Rising Institutional Interest
Bitcoin and Ether exchange Deribit set a record earlier this week after ETH options on the platform surged to record highs.
Covid-19 could Lead to Loss of $ 8500 Billion in Global Output: Secretary General -
United Nations chief Antonio Guterres has warned that the Covid-19 pandemic may cause unimaginable catastrophe and may lead to severe
Meet the 19-year-old CEO who started a professional Minecraft building company
The creativity that Minecraft inspires has led to an industry of professional builders.
PSNI to step up patrols over weekend as senior officer says R rate has increased
The PSNI are to increase their patrols at resorts, beauty spots and bus and rail stations over the weekend amid warnings that the R rate has risen.
Volkswagen Pumps $2.2 Billion Into China EV Operations, Expands Cooperation With Ford
Earlier this month, Volkswagen announced it was rethinking its plan to use its SEAT brand to spearhead its electric vehicle efforts in China. It wasn't exactly clear at that time what the company's Plan B was. Certainly it was not abandoning its China plans, was it? This week, that question has been answered. The company
Buildings where you don't need to touch anything are "entirely feasible" says Paul Flowers
Demand for touchless products is soaring as architects look to prevent the spread coronavirus says chief design officer at brand LIXIL.
CBS News President Susan Zirinsky Says Corporate Execs Have Discussed Pay Cut
The company, which underwent layoffs this week, has not yet docked executive pay, which has "upset" some network staffers.
OYO sales down to half amid COVID-19; Ritesh Agarwal explains why future holds little respite too
Coronavirus has put a spanner in the growth of the otherwise stellar performing unicorn startups of the world with homegrown OYO now saying that the sales of the company have come down to half in the past few weeks.
Economy needs support from PSBs: Union Bank chief
Speaking at a webinar session organised by the BCCI, Rai said that there will be a shift of credit growth in favour of the PSBs, adding that depositors will expect an interest rate of 5.5 per cent.
When will shops in malls open? Commerce Ministry clarifies after Piyush Goyal meets traders
Issues of retail traders were discussed in a meeting between Commerce and Industry Minister Piyush Goyal on Thursday with representatives of traders associations through video conferencing.
Vodafone-Idea clarifies on reports of Google seeking to buy equity stake, here’s why the stock fell 15%
Cash-strapped telecom major Vodafone-Idea has clarified that its Board is currently not considering any proposal for investment in the comping, a day after The Financial Times reported that internet giant Google could pick up a 5% equity stake in the firm.
Instacart’s tip-baiting system is short-changing shoppers, senators say
Congress wants regulators to get involved.
Amazon sellers are marking products as ‘collectible’ to get around price gouging rules
Thousand-dollar "collectible" dumbbells and hot tubs.
Low demand, high inventory; housing sector facing its worst: CREDAI head
Shah said that interest subvention is the "need of the hour"
ESAF Small Finance Bank Q4 PBT up 42% at Rs 74 cr, income rises 32%
Full-year PBT doubles to Rs 256.26 crore from Rs 127.18 crore
India GDP growth slows to 3.1% in Q4 as Covid-19 lockdown hits economy
In the services sector, growth in the hotels and financial services sectors fell to 2.6 per cent and 2.4 per cent in the fourth quarter
Brazil GDP shrinks 1.5% in Q1 2020 due to pandemic
The 1st quarter drop in Brazil's gross domestic product only reflects the early effects of the coronavirus crisis, with 2nd quarter numbers expected to be much worse
Newcastle reveal they have almost doubled profits in last 12 months and Mike Ashley paid for Sports Direct advertising
The latest Newcastle United club have accounts have been published
Decision to open shops in malls soon after taking into account health ministry's guidelines
The decision to open shops in malls, will be taken soon, after taking into account the guidelines of the health ministry, the commerce and industry ministry said on Friday.
India's Test series can happen in as little as one venue depending on circumstances: Cricket Australia
Cricket Australia has not ruled out the possibility of the COVID-19 pandemic forcing a change in the schedule for India's tour of the country with the board still keeping the door open for hosting
Renault to cut 15,000 jobs in ‘vital’ cost-cutting plan
Production capacity will be cut to 3.3m by 2024 from 4m vehicles currently
COVID-19: CBN introduces regulatory forbearance for financial institutions
the CBN intervention facilities availed through participating OFIs are granted a further one-year moratorium on all principal repayment effective from March 1, 2020
EU says conditions needed in Lufthansa bailout, seeks deal
The EU competition chief said Friday that she is not 'creating extra hurdles' for Lufthansa after the airline balked at accepting a 9 billion-euro German government rescue package because of what it said were tough EU conditions.
Buy Bed Bath & Beyond Stock Before Consumer Spending Surges
Depressed BBBY stock could surge over the next 12 months and beyond, as turnaround initiatives gain momentum alongside consumer spending.
Visa Is Buy-Worthy Stock as the U.S. Continues to Reopen
Investors forget just how profitable Visa is. With the country reopening, V stock is worth a closer inspection to see if it's a buy.
Non-payment of dues since lockdown: Notice served to Statue of Unity contractor L&T
On Friday morning, the SoU management in a statement confirmed that L&T, which has constructed the statue and is also responsible for the maintenance of the site, had defaulted on the payment of wages to its outsourced employees -- mostly the housekeeping staff and security personnel.
SC issues notice to Tata Sons on cross-appeal of Mistry group firm against NCLAT order
The top court had on January 10 granted relief to Tata group by staying the National Company Law Appellate Tribunal (NCLAT) order of December 18 last year, by which Mistry was restored as the executive chairman of the salt-to-software conglomerate.
Google Pay now allows you to find nearby essential stores; here’s how
Here's how you can get to know which store is open near you via the Google Pay app.
Debate over USD 600 in jobless aid to intensify as claims rise
A debate in Congress over whether to extend USD 600 a week in federally provided benefits to the unemployed looks sure to intensify with the number of people receiving the aid now topping 30 million one in five workers.
Star Media Group records Q1 net loss of RM3.98m amid Covid-19 pandemic
KUALA LUMPUR, May 29 — Star Media Group Bhd today reported a net loss of RM3.98 million for the first quarter ended March 31, 2020. The Edge Markets, citing a filing to Bursa Malaysia today, reported that the group’s quarterly revenue declined 20.36 per cent to RM65.76 million from RM82.57...
Peet's Coffee raises $2.5 billion in an IPO despite the coronavirus pandemic
Peet's Coffee raised $2.5 billion in its initial public offering, one of the largest this year despite the coronavirus pandemic. The company an...
Some US asset managers are slashing fees on money market funds so their investors don't lose money because returns are so low
Asset management firms in the US are slashing fees charged on short-term debt funds as plunging interest rates and yields on US government debt ...
US stocks slide as traders await Trump's China news conference
US stocks slipped on Friday ahead of President Donald Trump's news conference on China. US consumer spending in April also posted the biggest dr...
Uplifting news: Group raises thousands and artist unveils mural in Birmingham
A round-up of Friday’s feelgood stories.
Forbes removes Kylie Jenner from billionaires list
Olushola Odeyinde Kylie Jenner has been removed from the list of billionaires by Forbes on Friday. The Reality Tv star, Make-up business mogul, and influencer has been accused by Forbes of in...
Four Tests at one venue could be a possibility
PTI Melbourne Cricket Australia has not ruled out the possibility of the COVID-19 pandemic forcing a change in the schedule for India’s tour of the coun
India’s housing sector facing its worst-ever crisis: CREDAI
IANS New Delhi Already reeling under liquidity concerns, low demand and high inventory levels, India’s housing sector is facing its biggest-ever crisis
Victor Osimhen: Nigerian striker rejects Napoli, eyes move to English Premier League
There are reports that Super Eagles striker Victor Osimhen has rejected a possible offer by Italian giants Napoli, indicating that he wants to feature in the Pr
Coronavirus Update: How COVID-19 Reforms the Mobility Industry
The coronavirus pandemic has already taken more than 300,000 lives worldwide and caused massive joblessness, but there are a few sectors that are currently booming and benefiting from this crisis.
Change is never easy, the birth of a new nation comes with pain – Lai Mohammed
Alhaji Lai Mohammed, the Minister of Information and Culture, says President Muhammadu Buhari has put Nigeria on an irreversible road
NY Fed's GDP Nowcast for Q2 2020 falls to -35.5%
The US economy is expected to contract by 35.5% in the second quarter of the year, the Federal Reserve Bank of New York's latest Nowcasting Report sho
Powell speech: Evidence on whether negative rates work is mixed
The Federal Reserve's Main Street Facility is very challenging because of the wide diversity of companies, Jerome Powell, Chairman of the Federal Rese
EUR/USD: ECB and a packed US data could wane the optimism
EUR/USD is awake, alive, and kicking, hitting the highest in two months. The all-important ECB decision and potentially another devastating US jobs re
Louisiana House votes to create $300 million business fund
The Louisiana House of Representatives on Thursday voted to set aside $300 million in federal pandemic relief aid for small businesses.
Foreign Exchange Reserves Soar To Record High Of $490.04 Billion
The country's foreign exchange reserves swelled by $3.005 billion to a lifetime high of $490.044 billion in the week to May 22.
Q4 GDP reveals a sorry picture even before the onset of lockdown
With the coronavirus dragging the world economy into a recession, the Indian economy needs a more convincing stimulus than what has been unveiled so far
Economy needs the support of PSBs, says Union Bank chief
The country’s economy, which has been hit by the Covid-19 outbreak, needs support from the public sector banks (PSBs) to boost credit growth, said an official on Friday. The number of PSBs has come d
Water And Wastewater Price Changes From 1 July 2020
Prices for water and wastewater services in Auckland will increase by 2.5 per cent from 1 July 2020.
Afterpay Launches Fund-raising Effort to Help Fashion Industry, Those in Need
The "buy now, pay later" provider said consumers can simply check a box on the app to donate a $1 to the program.
Target Closes 28 Stores in Response to Looting and Riots in Minneapolis
Executuves at Target and TJ Maxx did not say whether they to temporarily close any stores in other states where protests are being held.
Australia faces further cost-cutting despite improved outlook
Australian cricket faces another round of cost-cutting to shore up finances hit by the coronavirus shutdown and no part of the game will be ...
Bears Trade By Day, Bulls By Night
Stock market returns for the month of May have been an overnight phenomenon. Fed liquidity is the only thing fueling this fundamental-less rally. Consensus earn
GetSwift: A Smart Bet On The Post-Corona Delivery Revolution
GetSwift’s Growth Has Accelerated After Coronavirus Led to More Deliveries and Delivery Model Becomes Widespread Post-Coronavirus. Restaurants Prefer Controllin
New York Community Bancorp: Nice Little Trade
While short-term traders are locking in profit, we think you can stay in this in the longer term. When the company reported earnings, New York and the Tri-State
Etsy: A Niche E-Commerce Poised For Growth
Etsy has been firing on all cylinders since 2017 increasing both growth and profitability. Etsy is facing competitive threats from its larger rivals. However, t
Exxon Mobil: Higher Oil Prices To Recover Share Price
Exxon Mobil is one of the world’s largest oil and gas companies. The company’s business has been hit hard by coronavirus outbreak but oil prices may quickly rec
Essential Properties: E-Commerce-Resistant Real Estate For The Long Term
Since EPRT focuses on service and experience tenants, it has been hit particularly hard by COVID-19, but it should also fare well in the e-commerce dominated wo
PayPal: Shares Lack Further Upside At The Current Valuation
PayPal has undergone an explosive rally in its share price. Future expectations are set too high. The current valuation does not justify the company's future po
Central Bank of Liberia Board Announces Reduction in Monetary Policy Rate
MONROVIA – The Board of Governors of the Central Bank of Liberia (CBL), during its 28 May 2020 sitting, approved a reduction in monetary policy rate to 25%. This comes three months after the CBL’s Board of Governors approved to maintain the monetary policy rate of 30% in February. This move is indicative of the […]
Federal government to clear all Centrelink robo-debts, refund money
More than $720 million raised through the Morrison government's controversial Centrelink robo-debt program will be refunded.
Vancouver-based mobile ordering app offers alternative to 'exorbitant fees'
The same week Vancouver's mayor threatened to cap delivery service fees at 15 per cent, a local mobile app provider is reminding restaurant owners their standard fee is already a "reasonable" rate of five per cent.
Advisors, beef processors and Sheiks top list of largest farm subsidy payments in 2019
Agricultural advisors, semi-State companies, Larry Goodman and Sheiks are among the top beneficaries, as well as farmers, of EU farm payments, according to the latest list of CAP beneficaries published by the Department of Agriculture.
'A lot of nurses don't have a work ethic': An Atlanta drug rehab clinic is accused of firing its nursing staff during the pandemic
The clinic's director described the staff as lazy and questioned why nurses were being hailed as heroes.
Google has rescinded thousands of job offers to temporary and contract workers, as the company continues to feel the sting of the pandemic
In its latest cost-cutting measure, Google has reportedly rescinded job offers to more than 2,000 contractors who were preparing to join the company.
White House dares Twitter by reposting flagged Trump tweet
US News: The White House thumbed its nose at Twitter on Friday by reposting a President Trump tweet that the social media giant had just taken the unprecedente
Tesla (TSLA) gets optimistic outlook from Wall St as Q2’s final month approaches
Tesla (NASDAQ: TSLA) recently received an optimistic outlook from Goldman Sachs analysts, with the Wall St. firm maintaining a “Buy” rating on the electric car maker. The updated price target on the company was posted by Goldman Sachs analyst Mark Delaney, who raised TSLA stock’s target from $864 to $925 per share, AnalystRatings reported. TSLA […]
Farmers ‘managing’ but could lose new staff as businesses reopen
THE farming industry is ‘managing’ despite the loss of foreign labour during the pandemic, but concerns are growing about possible staff shortages when other sectors reopen, an industry spokesman has said.
Non-essential shops in Wales could reopen next month, says Drakeford
The First Minister indicated further relaxing of lockdown rules, before defending his ‘stay local’ five-mile restriction on travel.
Crude has best month
Canada's oil patch has little to celebrate even though crude oil prices concluded their best ever month.
Household income surged in April despite the collapsing labor market
CARES Act benefits worked really well.
Brewdog launches Barnard Castle Eye Test Hazy IPA
BREWDOG has announced the launch of Barnard Castle Eye Test IPA. The tongue-in-cheek beer has been produced following an overwhelming response to the beers proposed production over the Bank Holiday…
Pound-to-Australian Dollar Rate Won't be Spared by China's Moves against Australia Or USD/CNH
The Pound vs Australian Dollar: Latest GBP/AUD Forecasts, News and Analysis
COVID-19 Impact on Online Lending: Report
The online lending industry has probably suffered more than any other sector of Fintech during the COVID-19 crisis. Borrowers, both businesses and consumers hav
WHO and 37 countries launch alliance aimed at sharing tools to tackle coronavirus pandemic
The effort aims to provide a one-stop shop for scientific knowledge, data and intellectual property amid a pandemic that has infected more than 5.8 million people and killed more than 360,000
Ukraine expects US$5 bln IMF loan approval on June 5 – PM Shmyhal
The first tranche of US$1.9 billion may be disbursed the following day.
Amazon.com, Inc. (NASDAQ:AMZN) Stock Position Increased by Mogy Joel R Investment Counsel Inc.
Mogy Joel R Investment Counsel Inc. increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.1% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 17,475 shares of the e-commerce giant’s stock after buying an additional 24 shares during the quarter. Amazon.com comprises […]
Swiss National Bank Has $3.19 Billion Holdings in Amazon.com, Inc. (NASDAQ:AMZN)
Swiss National Bank increased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 23.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,635,551 shares of the e-commerce giant’s stock after acquiring an additional 309,700 shares during the period. Amazon.com comprises about 3.4% of Swiss National […]
Lucia Wealth Services LLC Has $521,000 Holdings in Amazon.com, Inc. (NASDAQ:AMZN)
Lucia Wealth Services LLC raised its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 25.9% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 267 shares of the e-commerce giant’s stock after acquiring an additional 55 shares during the quarter. Lucia Wealth Services LLC’s holdings in Amazon.com were worth $521,000 at the end of the […]
Sound the trumpet! Debt jubilees have arrived
Some of the pandemic relief policies around the world are a grand gesture towards forgiveness
Over 120 Billion Idle XRP Tokens Moved: Volatility Is Near
Ripple’s XRP token is going through a stagnation phase without giving any clear signs of where it is headed next. The cross-border remittances token has been co
Uplifting news: Group raises thousands and artist unveils mural in Birmingham
A round-up of Friday’s feelgood stories.
Main Street’s Pandemic-Led Shift To Digital Innovation
With the lockdown of the United States economy, SMBs faced the choice of finding digital ways to reach customers or run the risk of going out of business.
Williams set to sell Formula One team following financial losses
Williams are considering selling their Formula 1 team due to growing financial pressures.This mo...
Leicester boss Brendan Rodgers has recovered from COVID-19
Leicester City manager Brendan Rodgers has revealed that he's made a full recovery after contract...
Sebi imposes Rs 28 lakh fine on 14 individuals for fraudulent share trading
Sebi has levied Rs 28 lakh fine paid jointly or severally by 14 individuals.
Go-go bars gone as coronavirus hits Bangkok's sex district
Thailand shut bars and clubs in mid-March as coronavirus cases surged. It halted international passenger flights, stopping the tourism that had made Bangkok the world's most visited city for four years. Patpong went dark.
Magic Leap is looking for a new CEO as founder Rony Abovitz is stepping down
Abovitz said in a message on the company’s website that after securing “significant” new funding and pivoting to focus on delivering a spatial computing platform for enterprise clients, both he and the board agreed that a change in his role…
Amazon in talks for new 750-worker Dublin office despite virus
Amazon is in talks to rent an office block in Dublin with space for about 750 workers.
Save $300 on 13-inch MacBook Pro, plus Apple’s Magic Keyboards on sale, more in today’s best deals
Apple's previous-generation 13-inch MacBook Pro is $300 off in today's best deals. You can also save on Apple's various Magic Keyboards and Eve accessories.
These are the new rules all KFC customers must now follow for their fried chicken fix
"See you on the other side of the perspex screen"
French mortality rate in May below previous years despite epidemic
PARIS (Reuters) - Fewer people died in France in early May than in the same period in the two previous years following high excess death rates during the peak of the coronavirus epidemic in March-April, statistics agency INSEE said on Friday.
Libertex Parent Pays €160,000 to Settle Violations with CySEC
The Cyprus Securities and Exchange Commission (CySEC) has just announced that it has reached a settlement with Indication Investments Ltd, fining the firm €160,000.
Burger King in Pride Park opens for drive-thru customers
A limited menu is on offer
Amazon looks to offer full-time jobs to thousands of Arizona seasonal workers
After announcing in March that online retail giant Amazon.com Inc. would hire 6,500 seasonal, part-time employees in Arizona to cope with increased demand for products amid the spread of the coronavirus, the company is looking to turn many of those jobs into full-time positions.
Insider Shares What Patrick Mahomes’ Contract Extension Could Look Like
After one of the best three-year stretches to start an NFL career, Chiefs QB Patrick Mahomes is ready for a new contract.
Ecolab closes sale of Holchem Group to Kersia
Ecolab Inc. (St. Paul, Minn.) closed on the sale of Holchem Group Limited, a U.K.-based supplier of hygiene and cleaning products and services, to Kersia,
India Heads for Recession as GDP Growth Dips to Lowest since 2012
New Delhi (Sputnik): The Indian economy had been slowing down since 2018 due to the combined impact of the US-China trade war as well as instability in domestic...
Diane Dodds says north faces 'long, hard road to recovery'
Economy minister Diane Dodds has warned the north faces a "long, hard road to recovery" as it battles the "economic shock" of the coronavirus lockdown.
Sensex ends 6% higher this week, Nifty Bank surges 12%; check key factors behind markets’ upmove
Sensex recovered 600 points from day's low to end at 32,424 while Nifty 50 index settled at 9,580. During this week both Sensex and Nifty gained 6 per cent each
Tamil Nadu CM to invite 13 prominent tech companies to invest in state
The move is aimed at cashing in on the opportunities arising with companies planning to exit from countries like China and looking to relocate their manufacturing activities to countries like India
After Vedanta, Adani Power to go for delisting; board meet on June 3
The conglomerate has so far maintained a strategy to incubate a business and monetize it through public listing at a later stage.
Sebi warns TCS over disclosure of material information to investors
Sebi has also asked the company to ensure that disclosures provide adequate, accurate, explicit and timely information to the investors
The Last Of Us Part 2 Is Going For $49 In Australia
The Last Of Us Part II has been a long time coming. Since 2016, the game's existence has been teased with tantalising footage and heart-pounding trailers. Now, it's finally here — and it's set to light the gaming world on fire. If you're looking at grabbing a copy, you'll want the best deal around. Here's who has...
Rajeev Chandrasekhar highlights problems of women entrepreneurs in letter to FM
In the midst of the coronavirus outbreak, Member of Parliament, Rajeev Chandrasekhar has written to Union Finance Minister, Nirmala Sitharaman pointing out the challenges that the Women Entrepreneurs are facing.
Forbes says Kylie Jenner is no longer a billionaire, claims she FORGED tax returns
Forbes says Kylie Jenner is not a billionaire - after originally naming her the youngest billionaire ever - claims she fabricated financial documents to support the false claim. On Friday, Forbes called out Kylie Jenner and
Here's Why Zoom Stock Has Been Soaring -- and What to Expect Going Forward
Following a more than doubling of its stock over the last six months, expectations are high going into the videoconferencing company's earnings report next week.
Why Aurora Cannabis Stock Dropped 10% This Morning
Investors seem uncertain that a relatively big bet on CBD oil will pay off.
Sign of Some Upside Ahead for Boeing Stock
Boeing is one of the names most battered by the novel coronavirus, but with airlines starting to perk up, the stock could be a winner.
The 5 Best 5G Stocks on the Market Today for Investors
From chipmakers to wireless networks, these 5G stocks offer potential investors a few different angles to play the upcoming 5G rollout.
Resilient Square Stock Will Defeat the Bears
SQ stock is perfectly positioned to capitalize on the emerging trends of the 21st century economy, but bears are still grumbling.
Farming Community Network mark 25 years of supporting region's agriculture
Farmers across Devon have marked the 25th anniversary of the Farming Community Network (FCN), by walking 25 miles
South West Food Hub launches to help those feeding the nation
The initiative is supported by local organisations including the Heart of the South West LEP, the University of Exeter, Exeter City Futures, POM Support and the National Farmers' Union (NFU)
Milestone for 4x4 drivers helping Devon's COVID-19 response
The group, DC4x4R have helped with nearly 200 deliveries of PPE, medicines, care boxes and various other tasks
Kylie Jenner fumes over Forbes' fake billionaire claims: "What am I reading?"
The lip kit mogul responded to a damning article from Forbes that claimed she'd 'spun a web of lies' and 'forged' tax returns to make it look like she had more money than she has
Stocks could trade 'drastically lower' on breakdown in trade between China and US, JPMorgan says
JPMorgan has turned cautious on equities after being bullish for months, according to an analyst noted published by Marko Kolanovic on Thursday....
Businesses told to start paying furlough bill from August
Chancellor Rishi Sunak unveiled plans for grants for freelancers of up to £6,570 which will also be available from that date.
A Goldman Sachs cryptocurrency report angered true fans
On Wednesday, Goldman Sachs released a report that outlined five reasons that cryptocurrency is not an asset class or a suitable investment .
Nike Running's Fastest Sneaker Ever Releases This Summer
The Air Zoom Alphafly NEXT% will speed into retailers over the course of June and July.
Coronavirus: What help are self-employed getting from government?
What is being done for the five million self-employed people in the UK facing a sudden loss of income?
Elon Musk just earned $780 million from Tesla — but there’s a catch
The monstrous compensation package for Tesla CEO Elon Musk is considered the largest of its kind in history, and it's starting to pay out.
Debate over $600 in jobless aid to intensify as claims rise
The money, included in a government relief package enacted in March, is set to expire July 31.
SA company probed for non-delivery of PPE to Botswana, bank account frozen
The companies ordered the equipment from Proverbs Medical (Pty) Ltd and paid R1 million but allegedly did not receive the goods.
IPOB accuses British govt of masterminding discriminatory activities against Biafrans
The Indigenous People of Biafra, IPOB, Friday accused the British government of masterminding all the discriminatory activities Biafrans.
Road construction: House of reps member wades into contractor, community crises
A member of the House of Representatives, Mrs Tolu Akande-Sadipe has waded into a misunderstanding between the contractor...
European Tour’s restructured 2020 schedule may be “a glimpse into the future”, says chief executive Keith Pelley
The restructured European Tour schedule for 2020 might be less of a temporary arrangement to rescue events from the coronavirus but “a little bit of a glimpse into the future”, says Chief Executive Keith Pelley.
Govt to pay back $721m wrongly raised through robodebt
Finally bites the bullet.
EUR/USD seen at 1.05 on a 3-month view – Rabobank
The euro rally o=bserved over the last two weeks has been fuelled by the coronavirus stimulus proposal says the FX analysts’ team at Rabobank, who see
USD/CAD: CAD’s best days are behind it – TDS
The Canadian dollar has pulled its US counterpart to 2, ½ month lows at 1.3710, the FX Analysts’ team at TD Securities, however, are sceptical about f
White House Pushes Debunked Fraud Claims In Trump’s Anti-Vote By Mail Crusade
A federal judge has called the voter fraud claims “misleading” and “inaccurate.” But that hasn’t stopped top White House aides...
Polis says he’s working for more federal funding to local governments
Colorado Gov. Jared Polis said Thursday that he hopes the next federal COVID-19 relief package includes more funding for local governments in the state.
India's GDP growth dips to 3.1 per cent in January-March 2020; 4.2 per cent for fiscal year 2019-20
According to data by NSO, the GDP had expanded by 5.7 per cent in the corresponding quarter of 2018-19.
Hong Kong’s business hub status imperiled by security law | BusinessMirror
HONG KONG—A national security law proposed by China could imperil Hong Kong’s status as one of the world’s best places to do business. The law, approved Thursday in Beijing, led Secretary of State Mike Pompeo to say Washington will no longer treat Hong Kong, already reeling from anti-government protests and…
GST hike in non-essential items ruled out
Govt says ‘no’ for printing notes to bridge deficit
China to restrict expansion of solar equipment producers
China intends to impose restrictions on expansion of solar equipment production to tackle overcapacity in the industry in the face of falling ...
Aston Martin: Dealt Great Cards Now They Need To Play The Hand Better
Aston Martin recently reported disappointing Q1 results, continuing the share price free fall. Aston Martin shares are now down 94% since IPO, leaving many to w
Gold Mining Stocks Flip From Losses To 5x Leveraged Gains
This 2020 gold price target of $3,000 is a little too aggressive in my view, but I would not be surprised if gold reaches this level at some point over the next
Middleby's Premium Is Gone, But Longer-Term Demand Destruction Is A Real Concern
Covid-19 is hammering the foodservice industry, leading to a 9% organic decline in Commercial Foodservice revenue in Q1, and orders have declined sharply in Apr
EU Releases 500 Million Euro Final Loan Tranche To Ukraine
The European Commission has approved the disbursement of the second and final 500 million-euro tranche of its macro-financial assistance to Ukraine.
Parents returning from maternity or adoptive leave will be included in coronavirus wage subsidy scheme
PARENTS returning to work from maternity or adoptive leave will be included in a government scheme to subsidise their wages during the Covid-19 crisis.
Pay.UK rolls out Request to Pay framework
Pay.UK has issued the message standards, rules and terms and condition for the development of Request to Pay services.
US consumer spending plunged the most ever last month as savings spiked to a record high
A drop in spending could have a devastating effect on the US economy, as consumption is responsible for roughly two-thirds of gross domestic product.
Businesses told to start paying furlough bill from August
Chancellor Rishi Sunak unveiled plans for grants for freelancers of up to £6,570 which will also be available from that date.
Diane Dodds – Furlough changes incredibly difficult for some firms in NI
Around 200,000 people have taken part in an unprecedented official initiative to save jobs during the lockdown.
Here’s where Google Pixel Buds are in stock today
Google's Pixel Buds quickly sold out after launch, but the popular truly wireless earbuds are still in stock at some retailers. Here's where.
Delhi HC vacates order restraining Vedanta from invoking bank guarantees
Senior advocate Harish Salve appearing for the Vedanta submitted that at the outset the law relating to Bank Guarantees is very well settled
Nearly £5m will be spent relaunching scheme helping get region's rough sleepers off the streets and into safe accommodation during pandemic
Leaders agreed to spend nearly £5 million to relaunch A Bed Every Night
Chancellor extends coronavirus support for self-employed but for the final time
Rishi Sunak confirmed the scheme would not be coming to an end and that the self employed would be able to claim a grant for the second and final time
Alfa Romeo to cover finance payments on new cars if you lose job due to coronavirus
The car manufacturer has become the first in the UK to cover finance payments for owners of new vehicles for up to seven months at no cost to the driver if they lose their job due to Covid-19
Inside Kylie Jenner's quest to become a 'fake billionaire' - orchestrated by momager Kris
Kylie Jenner has been outed as a 'fake billionaire' by Forbes magazine, the very publication that declared her 'the world's youngest self-made billionaire
Insurtech Trov Partners With P&C Insurer Seguros Sura Brazil to Bring On-Demand Insurance to Brazil
Trov, a U.S.-based insurtech company, announced earlier this week it has formed a new partnership with Seguros Sura Brazil, a Latin American P&C insurer, to
EU approves EUR 500 mln in macro-financial assistance to Ukraine
The EU has now provided Ukraine with EUR 3.8 billion in MFA loans since 2014.
Powell: Fed to soon begin 'challenging' Main Street lending
Federal Reserve Chair Jerome Powell acknowledged Friday that the Fed faces a major challenge with the launch in the coming days of a program that will lend to companies other than banks for the first time since the Great Depression. The Fed's Main Street Lending is geared toward medium-sized companies
Mysterious Bitcoin Whale Who Kickstarted Previous Crashes Appears Again
Blockchain data has revealed that a mysterious Bitcoin whale that's transacted over $350 million worth of BTC has just received a large sum of supply.
New self-employment grant and furlough details: What does it all mean?
Businesses will need to start contributing to furloughed wages and the self-employed can apply for a new grant from August.
Businesses told to start paying furlough bill from August
Chancellor Rishi Sunak unveiled plans for grants for freelancers of up to £6,570 which will also be available from that date.
Diane Dodds – Furlough changes incredibly difficult for some firms in NI
Around 200,000 people have taken part in an unprecedented official initiative to save jobs during the lockdown.
Lai: Buhari taking Nigeria to the next level of irreversible change
Lai Mohammed, minister of information and culture, says President Muhammadu Buhari is taking the country to the next level of irreversible change.
India had started to see green shoots before coronavirus hit us: FM Nirmala Sitharaman
Indian economy grew at 3.1% in the last quarter of FY 2019-20.
Wage subsidy scheme opened up to women returning from maternity leave
People returning from maternity leave are now able to access the Temporary Wage Subsidy Scheme.S...
Most Americans worry they will never be financially stable
Seven in 10 Americans worry they will never be financially independent, according to new research. And this might be the result of a lack of financial knowledge — the survey of 2,000 Americans
Watch live: New York Gov. Andrew Cuomo holds a press conference on the coronavirus outbreak
[The stream is slated to start at 1:00 p.m. ET. Please refresh the page if you do not see a player above at that time.]
EU promises billions to help companies weather the impact of Covid-19
Investment will focus on healthcare, space, defence, digital and green technologies
The 99p hay fever remedy wipes that one shopper claims 'gave my son his life back'
Here is where to buy the bargain product...
Wife of JK Congress leader Soz moves SC against his house arrest
The Rising Kashmir provides the most comprehensive coverage news, breaking news,videos, information on Kashmir, politics, cricket and more.
No surprise as Carlos Hyde will count $2.75 million against Seahawks’ salary cap
Hyde's signing became official this week, and the contract calls for him to make a base salary of $1.5 million with bonuses of $1.25 million that give it a salary-cap...
Soros Reportedly Suggests Reviving 18th Century Bond Scheme to Help EU Weather COVID-19 Cost
The billionaire also described the coronavirus as a threat to "the survival of our civilization", which "moves very fast and in unpredictable ways".
Tax shortfall drives fiscal deficit in FY20 to 4.6% against target of 3.8%
Gross tax collection for FY20 was Rs 20.09 lakh crore, against the revised estimate of Rs 21.63 lakh crore. What is more worrying is the fact that the gross tax collection is lower than the previous year's collection of Rs 20.8 lakh crore
NIA ‘Hurriedly Transfered’ Navlakha: Court
Delhi High Court has pulled up the National Investigation Agency (NIA) for
Singapore top source of FDI in FY20 with investments worth $14.67 billion
In the last financial year, India attracted USD 14.67 billion in FDI from Singapore, whereas it was USD 8.24 billion from Mauritius, according to the data of the Department for Promotion of Industry and Internal Trade (DPIIT).
Rural income is likely to shore up in coming months; Nestle’s Suresh Narayanan explains why
While declining rural incomes have caused much woes to India’s FMCG sector, the same is expected to shore up in the coming months thanks to various factors such as good monsoon.
First-quarter earnings to be adversely hit by lockdown, here’s how to invest | Angel Broking INTERVIEW
With the nation-wide lockdown spreading over two months of the first quarter of financial year 2020-21, it is a given that India Inc’s first quarter earnings are to be adversely impacted.
These were the 10 biggest European tech stories this week
These were the 10 European tech stories this week
Last Minute Addition To Louisiana Bill Hamstrings Community Broadband
We've long noted that roughly twenty states have passed laws either outright banning community broadband, or tightly restricting...
The Guardian view on wage subsidies: unemployment costs too
Editorial: Almost a third of the UK workforce are now reliant on government support for their income. If it is withdrawn while the economy is hibernating then joblessness will rise
ED attaches Rs 385-cr asset of VVIP choppers case middleman Rajiv Saxena
It said the value of the properties attached is $50.90 million (Rs 385.44 crore) and a provisional order under the Prevention of Money Laundering Act (PMLA) has been issued
Lupin reports 25% fall in pre-tax profit at Rs 412 cr in Q4 on low sales
On a sequential basis, however, the company fared better, both in terms of sales and profits. The stock ended day's trade at Rs 869.8, down 1.3 per cent.
Private equity player Bain Capital in talks to up stake in Axis Bank
In 2017, the lender had approved and conducted a sale of 9 per cent stake to raise Rs 11,626 crore, in a round led by Bain Capital.
Kylie Jenner fires back at Forbes after claim she lied to gain billionaire status
Kylie Jenner has fired back at Forbes for claiming she forged documents and over exaggerated her business to attain the billionaire status, saying she is not a billionaire. Kylie bashed the most explosive claim in the
Dow Jones Slumps as Cisco Acquires a Cloud Company, Home Depot Stock Moves Closer to 52-Week High
Cisco will reportedly pay $1 billion to expand its software portfolio, and Home Depot continues to rally.
Should You Buy Hertz Stock Now?
Understanding Hertz's current scenario is important to avoid a huge investing mistake.
Can I go for a bike ride with my friends during the pandemic?
With more people escaping self-isolation for a springtime bike ride, infectious disease specialists say cycling may be one of the safer choices for outdoor activities during the COVID-19 pandemic.
Visa Stock Is the Best Payments Powerhouse for Your Portfolio
Visa stock is beating the market in 2020; its ability to adapt and even thrive amid chaos proves long-term viability.
Salesforce Stock Still a Buy as Its Software Gains Influence
Salesforce stock took a tumble after Q1 earnings, but ditching CRM stock now would be rather shortsighted.
Is Microsoft Stock About to Go Into a Lengthy Stall?
Microsoft trades at 30 times forward earnings. Some believe Microsoft stock is overvalued and about to go into a lengthy stall.
Meat products sold in Ireland urgently recalled as they were processed in 'unapproved facility' in Co Westmeath
The public are being advised not to eat the food products
Telangana: Sons refuse to allow 80-year-old mother into house out of COVID-19 fear
The woman today returned from Sholapur in Maharashtra after a stay at her relatives house in the wake of relaxations in lockdown norms, but her elder son and his wife did not allow her into the house, said Edla Ashok, a division member of Karimnagar Municipal Corporation.
ED attaches Rs 385-cr asset of VVIP choppers case middleman Rajiv Saxena
It said the value of the properties attached is USD 50.90 million (Rs 385.44 crore) and a provisional order under the Prevention of Money Laundering Act (PMLA) has been issued.
US billionaires have increased their net worth by $485 billion during the last 10 weeks of the pandemic, report says
US billionaires added almost half a trillion dollars to their collective wealth during the past 10 weeks, a report by the Institute for Policy S...
Debate over $600 in jobless aid to intensify as claims rise | Honolulu Star-Advertiser
WASHINGTON >> A debate in Congress over whether to extend $600 a week in federally provided benefits to the unemployed looks sure to intensify with the number of people receiving the aid now topping 30 million — one in five workers.
Dua Lipa calls for refugee charity donations as she kicks off 24-hour concert
One Humanity Live is raising money for a variety of charities.
Coronavirus: What does it mean if I've been furloughed by work?
Millions unable to do their job due to coronavirus will have their wages paid by a new scheme.
24 Hour Fitness Prepares for Bankruptcy While Gyms Start to Open
Gym owner 24 Hour Fitness Worldwide Inc. is preparing for a potential bankruptcy to cut its debt as it re-opens locations across the country with precautions in place for social distancing.
TJ Maxx, Marshalls, HomeGoods to reopen all stores in next month
TJX Companies temporarily closed its 4,400 locations on March 19 and began to reopen them on May 2.
Igbo group hails steps taken by S/east Govs to curb insecurity
An Igbo group, Izu Umunna Cultural Association of Nigeria, a think-tank for Ndigbo in the 19 Northern States and Abuja, has lauded
Telangana: Sons refuse to allow 80-year-old mother into house out of Covid-19 fear
The woman on Friday returned from Sholapur in Maharashtra after a stay at her relatives' house in the wake of relaxations in lockdown norms, but her elder son and his wife did not allow her into the house.
COVID-19 Intensifies the Urgency to Expand Sustainable Energy Solutions Worldwide
Despite accelerated progress over the past decade, the world will fall short of ensuring universal access to affordable, reliable, sustainable, and modern energy by 2030 unless efforts are scaled up significantly, reveals the new Tracking SDG 7: The Energy Progress Report released today by the International Energy Agency (IEA) the International Renewable Energy Agency (IRENA), […]
Judge Dismisses Copyright Suit Against Apple and M. Night Shyamalan
A lawsuit against M. Night Shyamalan and Apple that alleged Apple TV+ series 'Servant' lifted from a 2013 indie film has been thrown out.
Uber expands it ride options with the Hourly feature: Starts in US from June
Uber expands it ride options with the Hourly feature: Starts in US from June. Will grant flexibility to the custmers during the pandemic
SoftBank leads US$500 million fundraising for Didi's self-driving unit
China's Didi Chuxing said on Friday it had completed a fundraising round of over US$500 million for its autonomous driving subsidiary that was led ...
Williams considers selling F1 team after £13 million loss
Williams revealed on Friday that they are considering selling the Formula One team after a multi-million pound drop in the company's financial ...
No workplace gatherings, socialising among employees when office operations resume after COVID-19 circuit breaker: MOM
SINGAPORE: Employees should not socialise during or outside working hours, even when office operations resume during Phase 1 of Singapore’s ...
Earnings: What Canadian Banks Are Telling Us And Which One Is My Favorite
All Canadian Banks reported their earnings during the week of May 25 th. They all revealed massive earnings decreases due to higher provisions for credit losses
Canadian Western Bank (CBWBF) CEO Christopher Fowler on Q2 2020 Results - Earnings Call Transcript
Canadian Western Bank (OTCPK:CBWBF) Q2 2020 Earnings Conference Call May 29, 2020, 10:30 ET Company Participants Matthew Rudd - SVP, Finance & IR Christophe
Omega Healthcare: This Outperformer Is Undervalued With An 8.7% Yield
Omega Healthcare has a strong track record with market beating returns. The current share price offers an attractive entry point with a strong going-in yield. M
Clovis Oncology: You Should Embrace Volatility To Enjoy Profitability
Amid the Corona Bear market, many fundamentally strong stocks are still trading at a deep bargain to their true worth. Amid the market volatility, Clovis Oncolo
9 creative ways that retailers, restaurants, and service workers are staying afloat during coronavirus shutdowns
The pandemic has been catastrophic for retailers, restaurants, and workers. Here are nine tactics many are using to stay afloat.
Forbes just revoked Kylie Jenner's billionaire status, saying she's exaggerated her company's success for years. Take a look at how Jenner built her empire.
Forbes now alleges that Kylie Cosmetics has never made as much money as Kylie Jenner and her team claimed.
The average cost of car insurance in the US
The average cost of car insurance varies by the state you live in, your driving and credit history, age, years of driving experience, and more.
A white venture capitalist threatened to call the police on a group of black men in a Minneapolis gym, and a video of the incident is trending
Tom Austin, a venture capitalist, later apologized and said a building manager's email previously flagged concerns of non-tenants using the gym.
NY Gov. Andrew Cuomo says New York City is on track to begin reopening the week of June 8th
"We will stay on track by focusing on the hotspots," Cuomo said. "We know down to the zip code where the infection rate is higher than average."
Fed Chair Jerome Powell says the coronavirus recession has been a 'great increaser of income inequality' — with low-paid workers and women bearing the brunt of the fallout
The Fed chief singled out women and hourly workers in the service industries as the segment of the population weathering the brunt of the fallout.
ABC News: 'No Major Increase' in Worrisome COVID Data in States That Started Re-Opening in Early May
Plus: Good News From Scandinavia.
Autonomous robot chef moves into the kitchen, powered by AI
During the span of the hustle and bustle that many people encounter on a day-to-day basis in their lives, people tend to have activities outside of work that allow them to alleviate the stress from the monotony of life. From catching the new movie at the cinema, attending a sporting event of a favorite team, […]
Water and wastewater price changes from 1 July 2020
Prices for water and wastewater services in Auckland will increase by 2.5 per cent from 1 July 2020.
Appreciate difficulties of PMC Bank depositors on moratorium on withdrawals: HC to Centre, RBI
Activist Bejon Kumar Misra filed the petition seeking directions to RBI to ease out the moratorium for withdrawal of deposited money of depositors from PMC Bank during the pandemic
Madras High Court notice to Franklin Templeton, SEBI
PIL filed against closure of 6 schemes
Bank of India cuts MCLR by 25 bps
State-run lender Bank of India has decided to reduce marginal cost of funds based lending rate (MCLR) by 25 bps across all tenors.The one-year MCLR of the bank will be now at 7.7% with effect from Jun
‘Air passenger demand to plummet 47% in 2020’
Revenues likely to fall $11 bn: IATA CEO
Capgemini’s Delaporte to take over as Wipro CEO and MD
Frenchman had spent 25 years with the consulting firm
Franklin Templeton investors can e-vote to monetise assets
Can authorise trustees or Deloitte from June 9-11
Josh Gad’s Daughters Want Him To Be Moana Instead Of Olaf
Olaf might be the breakout star of Disney's "Frozen" but Josh Gad, who voices the adorable snowman, says his daughters aren't impressed. "My girls really wish Moana was their father," Gad said while on "The Graham Norton Show". RELATED: Josh Gad Brings Tom Hanks And Daryl Hannah Back Together For ‘Splash’ Reunion "I have to…
New Trailer Drops For HBO’s Gritty Reboot Of ‘Perry Mason’ Starring Matthew Rhys
"Perry Mason" was one of television's most successful legal dramas, with Canadian Raymond Burr portraying the titular attorney for nine seasons in the 1950s and '60s. Now, HBO is offering up a gritty new reboot that takes the character back to his origins in the 1930s, and a new trailer for the upcoming series has…
Laurentian Bank slashes dividend by 40 per cent as profits tumble
Decision to cut payout is the first by a Canadian bank in nearly 30 years
WHO, 37 nations launch alliance to share tools to tackle Covid-19 pandemic
“WHO recognises the important role that patents play in fuelling innovation but this is a time when people must take priority,” WHO Director General Tedros Adhanom Ghebreyesus told an online news briefing.
NY Gov. Andrew Cuomo says New York City is on track to begin reopening the week of June 8
"We will stay on track by focusing on the hotspots," Cuomo said. "We know down to the zip code where the infection rate is higher than average."
EU economy to rebound ‘quite strongly’ next year says Dombrovskis
The European Commission’s proposed €750-billion coronavirus recovery fund should also help make the bloc’s economy more green and fit for the digital age, Executive Vice-President Valdis Dombrovskis tells Euronews.
Dua Lipa calls for refugee charity donations as she kicks off 24-hour concert
One Humanity Live is raising money for a variety of charities.
The Walmart Amazon Whole Paycheck Tracker: Retail Giants Eye Key Acquisitions And Expansions
Both Walmart and Amazon made some big add-ons and/or acquisitions this week as they attempt to widen their sphere of retail influence in a post-pandemic world.
The Week In Payments: How Businesses Can Navigate The Road To Recovery
In this week's payment news: Could voice authentication, digital banking and alternate payment terms help businesses meet the current challenges?
Cole Sprouse Is Spending Quarantine With 'Riverdale' Costar KJ Apa Post-Split
Cole Sprouse may have recently broken up with Lili Reinhart, but he's spending his time in quarantine with another one of his Riverdale costars. During a recent virtual interview with AP Entertainment, Cole Sprouse gave a Riverdale update while…
Commuters decry new BRT fares as operator count losses
Commuters in Lagos yesterday expressed dissatisfaction over the hike in fares by the Primero Transport Services Limited, operator of the Bus Rapid Transit (BRT) in the state.
Over 7 lakh small stores may have shut shop due to lockdown
India has about 10-12 million small retail outlets selling grocery and other FMCG products.
Elon Musk earns performance-based Tesla payout worth $775M
Elon Musk is officially in the money. The Tesla CEO on Thursday became eligible to cash in on a controversial payday which could see him pocket more than $700 million. The electric automaker said in a
Housing sector faces its worst ever crisis due to Covid-19
Credai chief says Central government should offer a two per cent interest subsidy on home loans
Searching post-Covid real estate landscape in India
Indian millennials are now in favour of buying homes. This is a significant change in their previous outlook, which largely favoured renting almost everything
How will gyms and leisure centres look when coronavirus lockdown lifts?
Ireland Active is the national association for the leisure, health and fitness sector which represents over 350 publicly and privately owned leisure centres, gyms, swimming pools, exercise studios, fitness education providers and recreation facilities nationwide.
Uber introduces $50 Hourly rate option
May 29 (UPI) -- Uber launched a new feature called Hourly that allows riders to book trips by the hour and add destinations within that time frame as needed, the company announced Friday.
China's Kunlun says U.S approves sale of Grindr to investor group
(Reuters) - Chinese gaming company Beijing Kunlun Tech Co Ltd said on Friday that a U.S. national security panel approved the $620 million sale of popular gay dating app Grindr to an investor group called San Vicente Acquisition LLC.
South African tobacco firms, associations seek court action over cigarette sales ban
JOHANNESBURG (Reuters) - A raft of South African tobacco companies, activists and associations are seeking legal action over the ban on cigarette sales during the country’s coronavirus lockdown.
IMF says Bosnia's failure to disburse IMF emergency aid is unprecedented
SARAJEVO (Reuters) - Five weeks after the International Monetary Fund gave Bosnia $370.46 million in emergency aid to help combat the coronavirus crisis, the funds have still not been disbursed due to a disagreement between its rival ethnic leaders, officials said.
Fertilizer supplies, prices remain low and stable amid coronavirus concerns
If your soil test levels are low, low fertilizer prices provide a good opportunity to rebuild phosphorus (P) and potassium (K) levels.
Managed money betting on big crops
A fast start to the planting season and a lackluster export market have prices for row crops trading mostly sideways over the last month and weaker since the beginning of the year.
More Than 10 Million Download Free Uncharted, Journey During Coronavirus Crisis
Sony to support around 100 affected indie developers
Virus sends consumer spending down 13.6% in April
U.S. consumer spending plunged by a record-shattering 13.6% in April as the pandemic shuttered businesses, forced millions of layoffs and sent the economy into deep recession.
EUROMILLIONS RESULTS LIVE: winning numbers for Friday, May 29, 2020
Have you got the winning ticket for tonight's draw?
Indore: Mittal Appliances manager found dead in flat's bathroom
Preliminary investigation revealed that Albert hailed from Chennai and was staying here for a few years.
Senators ask FTC to investigate Instacart over 'tip baiting'
A group of US senators has called on the FTC to investigate Instacart and other grocery delivery services for allowing 'tip baiting' that stiffs couriers.
Workers to start getting part of furlough payments from their companies
Chancellor Rishi Sunak announced that the self-employment support scheme has also been extended.
Businesses to start paying towards furlough costs in August
A final self-employment coronavirus grant is to be made available and businesses must start paying towards the worker furlough scheme from August, the British Government has announced.
Dua Lipa calls for refugee charity donations as she kicks off 24-hour concert
One Humanity Live is raising money for a variety of charities.
Clean Cooking: 33 Solutions For One Renewable Energy Problem
The latest energy report from the International Energy Agency describes how much more pants-on-fire activity is needed to pump up the clean power trend on the heels of the COVID-19 crisis. For starters, at this rate an estimated 620 million people still won't have electricity by 2030. That's nothing to sneeze at, but it's small
Agriculture, mining saved Indian economy in FY20, can it sustain COVID-19 assault?
The impact of COVID-19 on Indian economy is yet to unravel; the 2019-20 GDP estimates, thus, hide more than they reveal on the state of economy in 2020-21
GST collections down 70% in April
April GST collections are for March transactions, and the lockdown started only from March 25, therefore, the poor collection in the month could be mostly due to extension of return filing dates
Yes Bank launches overdraft facility on FDs through digital channels
The customers can avail the facility by clicking ‘pre-approved offers’ or ‘exclusive Offers’ to the select eligible fixed deposits. The bank promises to disburse the sanctioned overdraft limit in one day.
India’s core sector output witnesses biggest ever fall, contracts 38% in April as lowdown hits economy
India’s core sector output contracted 38.1% in the month of April, reflecting how India’s economy has taken a toll as the nation fights the coronavirus pandemic.
Limited impact on Vedanta operations due to coronavirus lockdown: Crisil
Also, increase in export offset decline in domestic demand during the lockdown, supported by its low cost position in key businesses, it said.
Go read this Forbes investigation alleging Kylie Jenner isn’t actually a billionaire
Kylie Jenner was perhaps not the youngest self-made billionaire ever, Forbes suggests
Sebi concessions fail to lift IPO market, firms shelve listing plans
Investment bankers say many have shelved listing plans; appetite healthy for share sales in large listed firms
Late surge in share prices helps markets improve returns scorecard in May
A sharp surge in share prices during the last week of May helped the markets improve their returns scorecard for the month. The benchmark Sensex and Nifty ended with losses of 3.8% and 2.8%
Students decry tuition hikes as COVID-19 pandemic increases financial strain
Some Canadian universities are raising tuition fees for the new school year much to the consternation of students, who argue their costs should be going down, not up in light of the COVID-19 pandemic.
Two Billion Set to Lose Their Jobs Next Couple of Months Due to Pandemic
Study says 10% of global workforce likely to work remotely forever
Debate over extending $600 in jobless aid in United States
A debate in Congress over whether to extend USD 600 a week in federally provided benefits to the unemployed looks sure to intensify with the number of people receiving the aid now topping 30 million
Sebi fines 2 persons in SpiceJet insider trading case
Markets regulator Sebi on Friday imposed a penalty totalling Rs 35 lakh on two persons for trading in shares of SpiceJet on the basis of unpublished price-sensitive information related to financial
Limited impact on Vedanta operations due to coronavirus lockdown: Crisil
The COVID-19-induced lockdown has had a limited impact on the operations of Vedanta Ltd, rating agency Crisil has said. Also, increase in export offset decline in domestic demand during the
How to watch Billions season 5 online: stream new episodes anywhere for free
Damien Lewis and Paul Giamatti square-off again - here's how to watch Billions season 5 online and stream every new episode from anywhere.
Why Macy’s Stock Can Climb 70% Higher in 2020
Macy's stock plunged on the idea that the world would never be normal again after Covid-19. But the world is already normalizing today.
Zscaler Earnings: ZS Stock Soars 26% on Strong Q3 Beats
Zscaler (ZS) earnings for the cloud security company's fiscal third quarter of 2020 have ZS stock flying higher on Friday.
Alibaba Stock Bulls Shouldn’t Sweat Delisting
A new hurdle for Alibaba stock is a push to delist Chinese stocks over strict accounting rules, but long-term investors should be fine.
Why Virgin Galactic Is Still Dreaming of Space Travel
Although the markets are turning positive, several fundamental factors are conspiring against Virgin Galactic.
As fear delays funerals and deters families, Pune local group steps forward to carry out last rites of Covid and non-Covid patients
Mulnivasi Muslim Manch, an organisation headed by Anjum Inamdar, is one of the groups in Pune which have been performing the last rites of Covid-19 patients, as well as those who have died of other illnesses in the last two months.
Monica Crowley: House Bill Would Add Flexibility to Small Business Loans
Treasury's spokeswoman explained on Friday how the Paycheck Protection Program would be changed to make it more useful for small businesses. | Economy
Money whitening scope to widen
The government may allow uses of untaxed or black money in all sectors to boost investment and create jobs as part of its efforts to pull the economy out of Covid-19 wreckage.
House scheduled to return for votes in late June
House Majority Leader Steny Hoyer (D-Md.) released an updated floor schedule for the lower chamber on Friday that would have lawmakers staying in their home districts for most of June before
Coronavirus in Ballarat: Real estate sales in rural areas increase
"Perhaps there will be an uptick in demand for those kinds of properties as people look to have a bit more land around them"
Ted Cruz, Trump, and other Republicans are pushing a payroll-tax cut that would do little for families suffering financially due to coronavirus
The payroll-tax cut has gained support from Trump and several other GOP lawmakers and conservative economists eager to jumpstart growth.
Only 2 of YouTube's earliest employees are still at the company — here's what YouTube's first 10 employees are up to now (GOOG, GOOGL)
YouTube has come a long way since 2005. Back then, YouTube had only 10 employees, plus cofounders Chad Hurley and Steve Chen.
Gigabyte Unveils Pricing For Its AMD B550 Motherboards – Options Range From $99 To $279 For AMD’s Ryzen CPUs
A Gigabyte community manager on Reddit posted a sheet with all of the pricing of the AMD B550 motherboards ranging from $99 to $279.
Sotheby's to sell US$60M Bacon painting in virtual auction
The auctioneer will be in an empty room in London, facing a bank of screens showing colleagues from around the world as they bid on behalf of clients remotely.
Pier 1’s ‘Awful Day’ Arrives With Judge Approving Liquidation
The end is near for Pier 1 Imports Inc.
New York City eyes June 8 for first phase of reopening
New York City is on track to begin reopening June 8 as the state gradually loosens restrictions put in place during the coronavirus crisis, Gov. Andrew Cuomo said Friday.
Yoruba Ko’ya gets Certificate of Incorporation in the UK
A Yoruba socio-cultural group, Yoruba Ko'ya Leadership and Training Foundation, has been officially incorporated in the United Kingdom, UK.
GBP/USD retreats from highs near 1.2400 ahead of Trump’s conference
Sterling’s rally from 1.2230 lows has reached two-week highs at 1.2395. The pair, however, has not been able to consolidate at those levels and pulled
Ohio House approves bill legalizing sports gambling
House lawmakers on Thursday passed a bill to legalize sports wagering in Ohio, a move that could generate millions in tax revenue for the state.
Big Tech goes on pandemic M&A spree despite political backlash
Rate of dealmaking by Alphabet, Amazon, Apple, et al is highest since 2015
Students decry tuition hikes as COVID-19 pandemic increases financial strain
TORONTO — Some Canadian universities are raising tuition fees for the new school year much to the consternation of students, who argue their costs should be going down, not up in light of the COVID-19 pandemic.
B.C. tourism seeks relief as businesses wait for COVID-19 restrictions to ease
Mid-June earliest for more in-province travel to be authorized
Twitter says CEO Dorsey informed in advance of decision to tag Trump tweet
Twitter CEO Jack Dorsey was informed in advance by the company's staff of a decision to tag a tweet by President Donald Trump as "glorifying ...
Olympus' (OCPNF) Management on Q4 2020 Results - Earnings Call Transcript
Olympus Corporation (OTC:OCPNF) Q4 2020 Earnings Conference Call May 29, 2020 8:00 AM ET Company Participants Chikashi Takeda – Chief Financial Officer Akihiro
AT&T: The HBO Max Launch Was A Disaster
The HBO Max launch was an utter disaster. Pricing, content and distribution all did not add up and failed to generate any excitement. Without Roku and Amazon Fi
Bio-Rad: A Very Interesting Short-Term Investment Thanks To Gains On Sartorius Holding
Bio-Rad's 2 Core business divisions: Life Sciences and Clinical Diagnostics posted so-so results in Q120 delivering net profits of $74m. Although both divisions
U.S. Weekly FundFlows Insight Report: ETF And Fund Investors Become Slightly More Risk Seeking During The Week
For the thirteenth consecutive week, investors were overall net purchasers of fund assets (including those of conventional funds and ETFs). Fund investors were
Crushing It: Splunk's Strong Fundamentals Drive Stock Higher
Splunk is a leader in Big Data/SIEM and is transitioning to a recurring revenue business model. The recent pandemic-driven acceleration from a perpetual license
Stifel Financial Corp.: A New 6.125% Preferred Stock IPO Trading At A 4.50% Premium
Stifel Financial Corp.'s new preferred stock, SF-C, is trading above its PAR, having a YTW of 5.12%. Company's leverage and liabilities' payments look solid. SF
The White House's coronavirus postcards cost the struggling Post Office $28 million
It's yet another complication for President Trump's strained relationship with the federal agency, which receives no taxpayer funding.
Ted Cruz, Trump, and other Republicans are pushing a payroll-tax cut that would do little for families suffering financially due to coronavirus
The move would not provide the economy with the adrenaline shot it needs to tide over people already out of work and struggling businesses.
Only 2 of YouTube's earliest employees are still at the company — here's what YouTube's first 10 employees are up to now
YouTube has come a long way since 2005. Back then, YouTube had only 10 employees, plus cofounders Chad Hurley and Steve Chen.
The first video uploaded to YouTube, 15 years ago, shows one of the cofounders at the zoo — watch the clip here
The 18-second video of cofounder Jawed Karim is simple, but it forged a historic path for billions of online videos to come.
Shifting Gears: Meet Amazon's most important man who's not Jeff Bezos
In this week's newsletter: Inside Amazon's logistics machine, how to find a steal of a used car, and looming airline layoffs.
Downtown shows resiliency
Coming off record attendance at public events in 2019, the Downtown Vernon Association has faced unexpected challenges – as has the rest of the world – in 2020.
Street vendors want to resume business
With their livelihood affected in the past two months due to the COVID-19 lockdown, street vendors in the Erode Corporation limits has urged the officials to permit them to resume their businesses. In
Uber lays off more employees
Several employees at Uber’s Hyderabad offices have been laid off, as part of the company’s global job cuts.Employees from the Kondapur office said that the lay-offs started on Tuesday. An exact figure
Quarantine costs a concern for Corporation
Authorities doubtful of sustaining services with depleting resources
Sugar unit in Vizianagaram agrees to clear ryots’ dues within two months
Parvathipuram MLA, Collector take the initiative
No dog goes hungry, thanks to youth
Madanapalle group resolves to take care of stray dogs
Theresa May says Dominic Cummings 'did not follow the spirit' of lockdown rules
EXCLUSIVE The former PM became the latest senior Conservative to criticise the behaviour of the No10 aide as the Tories divide on Mr Cummings deepened
Oil analysts see prices edging up but still capped below $40 a barrel: poll
The survey of 43 analysts forecast Brent crude would average $37.58 a barrel in 2020
Restrictions on entry to be introduced in Kyiv subway from June 1
An increase in passenger traffic is expected in the subway from Monday.
Sweden’s Economy Grew In Q1 In Absence Of Lockdown
Sweden reported its gross domestic product grew at an annual rate of 0.4 percent from January through March, perhaps as a result of not imposing a full lockdown.
SBA Data Show At Least $20B Of PPP Loans Have Been Canceled
A minimum of $20 billion in PPP loans have been canceled — many by small businesses afraid they can't spend it in ways that will qualify for forgiveness.
Buhari: Close to a billion dollars stolen under Abacha
President Muhammadu Buhari says Nigeria wishes to benefit the world and not to forever be in the need of aid.
Why India needs to put cash in the hands of the poor
GoI has sedulously avoided direct disbursements to wage labourers who have no jobs and no recourse.
US Centers for Disease Control and Prevention suggests sweeping changes to offices
If followed, the guidelines would lead to a far-reaching remaking of the corporate work experience. They even upend years of advice on commuting, urging people to drive to work by themselves, instead of taking mass transportation or carpooling, to avoid potential exposure to the virus.
Investor group allowed to buy Grindr from Chinese firm for $620M
Chinese gaming company Beijing Kunlun Tech said on Friday that a US national security panel approved the $620 million sale of popular gay dating app Grindr to an investor group called San Vicente
Costco to bring back free samples – but it’s not going to be like it was
Don’t expect it to be the same free-food free-for-all you were used to, Costco shoppers. After temporarily discontinuing the practice in early March, Costco is planning to once again offer free
Anies appoints former Merpati Airlines CEO to helm Transjakarta
The former head of state-owned Merpati Nusantara Airlines is the new president of city-owned bus operator Transjakarta.
Seeks RBI intervention over interest rate cuts
Real estate developers body Credai has written to the RBI, saying that the banks have not adequately passed on the benefits of repo rate cuts to the NBFCs and housing finance companies (HFCs) and...
How the pandemic will shape the fashion world
A total of 61 per cent Indians reported less time shopping online in the wake of the current crisis, while 43 per cent of Indians have delayed purchasing clothes in the outbreak, says a report
Coronavirus: Technopath offers employers not-for-profit antibody tests
Tipperary firm sees confidence in testing as crucial to getting staff back to work
Tesla: Elon Musk qualifies for $770 million compensation
May 29 (UPI) -- Tesla announced in its Thursday filing with the Securities and Exchange Commission that founder Elon Musk has qualified for a compensation package worth some $770 million after the company reached certain growth goals.
Ranking NFL QB commitment in 2020: How married all 32 teams are to their starters
The Rams are committed to Jared Goff. Are the Eagles really tied to Carson Wentz long term?
What We Are Buying Today: Mishkat
Mishkat is a Saudi fashion brand concept that champions modesty and self respect. It offers modern, creative designs that are locally inspired and give off a vibe of elegance mixed with simplicity and trendiness.
Jabra’s Elite 75t earbuds now offer personalized sound and customizable controls
The Jabra Elite 75t and Elite Active 75t already offered high-quality audio at a palatable price, but the latest update for these true wireless earbuds adds customization options that make them even better. The update, available now, adds MySound and MyControls features to Jabra’s Sound+ app.
Businesses Must Start Paying Towards Furlough Scheme From August, Chancellor Rishi Sunak Says
Changes to the Coronavirus Job Retention Scheme will enable businesses to bring back staff part time from July and introduce a taper requiring firms to contribute to...
Price of WTI Crude Futures Tops $35 Per Barrel First Time Since March 11
MOSCOW, May 29 (Sputnik) - Global oil prices accelerated growth to 5 percent on Friday evening, and the price of WTI crude futures rose above $35 per barrel for the...
Saber CEO says there’s still untapped power in Nintendo Switch hardware
Saber Interactive, the team behind the impressive port of The Witcher 3: Wild Hunt and the upcoming port of World War Z, still feel that developers can get even more juice out of the Nintendo Switc…
No decision taken on setting up bad bank: FinMin official
Last month, the government decided to put restriction on foreign direct investment (FDI) to clamp down on the investor from China to buy Indian companies cheap.
SC issues notice to Tata Sons on cross-appeal of Mistry group firm against NCLAT order
A bench of Justices A S Bopanna and Hrishikesh Roy in Friday's proceedings, held through video-conferencing, also issued notice on the cross-appeal of Cyrus Investment Pvt Ltd and tagged the plea with that of TSPL.
US consumer spending sinks by record 13.6% in face of virus
Even with employers cutting millions of jobs, personal incomes soared 10.5 per cent in April, reflecting billions of dollars in support through government payments in the form of unemployment aid and stimulus checks.
ED attaches Rs 385 crore assets of Agusta middleman Rajiv Saxena
The Enforcement Directorate on Friday said it has attached assets, including five Swiss bank accounts, worth Rs 385.44 crore of Rajiv Saxena, a middleman in the AgustaWestland VVIP choppers money
GoFundMe created for George Floyd memorial raises more than $2M in 48 hours
A GoFundMe account created to raise funds for the memorial of George Floyd, the black man who died after a white Minneapolis police officer forcefully kneeled on his neck during his arrest on Monday, has
Three-point checklist for getting maximum savings out of KiwiSaver
Three point checklist to get the best out of KiwiSaver.
3 Sports Apparel Stocks to Trade for Players and Spectators Alike
Stoppage time for athletics of all kinds hasn’t stopped bulls and bears from playing three sports apparel stocks to big wins.
Party City News: Why PRTY Stock Is Surging 29% Today
Party City (PRTY) is seeing massive gains to PRTY stock Friday following news of a Transaction Support Agreement with bondholders.
How to Ride a Multi-Bagger Opportunity in Virgin Galactic Stock
Virgin Galactic remains an excellent speculative play and an even better holding with a well-conceived spread in SPCE stock.
Williams-Sonoma Earnings: WSM Stock Rallies 14% Following Q1 Topper
Williams-Sonoma (WSM) earnings for the retail company's first quarter of the year have WSM stock heading higher on Friday.
Reps worried over strange death in Bonny Island - The Nation Nigeria
The House of Representatives has asked the Nigeria Centre for Disease Control(NCDC) to immediately identify the cause of strange...
The world's largest marijuana company craters 22% as recreational pot demand sinks amid coronavirus pandemic (CGC)
Canopy Growth cratered as much as 22% on Friday after the company reported its fiscal fourth quarter earnings that missed analyst estimates. The...
US cuts ties with World Health Organisation over coronavirus response
President Trump said the US would be ‘redirecting’ the money to ‘other worldwide and deserving urgent global public health needs’.
Lumber sees surprise win as shut-in Americans fix up their homes
Lumber futures are heading for their second-straight monthly gain at a time when gloom from the coronavirus pandemic was expected to curb demand.
Airline Chiefs Talk Travel Rebound, Cut Jobs Anyway
People are starting to fly again and that's encouraging. But companies are sticking with sweeping layoffs, suggesting a tepid recovery at best.
10m Homes ‘ll Benefit from Mambila Power Plant – Buhari
PRESIDENT Muhammadu Buhari has said that over 10 million Nigerians will benefit from the Mambila power plant which is c
Coronavirus: Chancellor extends support for self-employed but warns of ‘hardship ahead’
Chancellor Rishi Sunak has extended support for self-employed workers and unveiled a new "flexible furlough" system for firms.
Indian economy slows in March quarter, with worst to come
India's economy grew at 3.
New Set Of Reforms Will Help Transform Agriculture From A Bottomless Pit Of Subsidies To An Enterprising Industry
Tech-enablement of the agricultural value chain and information dissemination among stakeholders is important.
Torstar buyer says Canso picked to provide financing because of media experience
TORONTO — A private investment company that is a major backer of Postmedia Network Corp. has agreed to provide financing for NordStar Capital's acquisition of Torstar Corp., the owner of the Toronto Star and other newspapers.
Price of rice, eggs, yam increased in April — NBS
The National Bureau of Statistics (NBS) said the average price of some selected food items in the country increased in April.
Why CBN slashed monetary policy rate - Official
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has explained why it slashed the monetary policy rate, popularly called lending rate, from 13.5 per cent to 12.5 per cent.
Drybar CEO John Heffner to Join Summer Fridays
John Heffner has been with Drybar since 2013, and will transition to lead skin-care brand Summer Fridays in June.
Wall Street Week Ahead: Investors eye consumer discretionary stocks as US reopens
Investors are taking a closer look at the market's consumer discretionary companies as a reopening U.S. economy fuels hopes of a turnaround for ...
Williams says any team sale would be to secure F1 future
Williams are prepared to end decades of family control and sell the struggling Formula One team to secure its future after tough times on and off ...
Westlake Chemical Corporation: Too Early To Go Long Here
First-quarter numbers were encouraging considering lower sales prices witnessed in the quarter. We like the fundamentals of caustic soda despite headwinds in Q1
Closed-End Funds: Eaton Vance's Option Funds
Eaton Vance offers many respectable funds. Today, I wanted to give a broad overview of the option based funds we don't discuss very often. I also wanted to touc
Gold: Making Its Seasonal Top
We are trading gold now as a currency against the US dollar. The current crisis has burst the bubble of the Keynesian idea of supplying stimulus to the market t
Why Growth Will Continue To Outperform 'Traditional Value'
Growth investing has handily outperformed traditional value investing over the last ten years, a trend which has been exacerbated since the pandemic. Traditiona
Flour prices raised by Flour Mills Association
The price of a 20 kg bag of flour has been increased by Rs 120
Bradley Beal shares interesting story about nearly being traded for James Harden
Bradley Beal has been the Wizards’ unquestioned leader with John Wall sidelined, but it’s crazy to think that he may not have even been on the team in the first place. Beal and Wall hav…
US cuts ties with World Health Organisation over coronavirus response
President Donald Trump has said the US will be terminating its relationship with the World Health Organisation.
CULTIVATED: An inside look at Eaze — Cuts at Caliva — Dismal earnings for Canopy Growth
In this week's Cultivated, we take a close look at Eaze's financial projections, scoop cuts at Caliva, and more.
A Frito-Lay exec explains why your favorite Doritos and Lay's flavors might be missing from stores since the pandemic hit
Frito-Lay, which is responsible for brands like Tostitos, Doritos, and Cheetos, had to reduce assortment of its flavors at the start of the pandemic.
Tesla could build another Gigafactory in the UK: report
Tesla may have a new Gigafactory coming to the United Kingdom, according to recent reports. The UK Government is reportedly looking for a four-million square foot site to accommodate a new production facility for the electric car maker. The Department for International Trade (DIT) is heading the search for a plot of land that is […]
US cuts ties with World Health Organisation over coronavirus response
President Trump said the US would be ‘redirecting’ the money to ‘other worldwide and deserving urgent global public health needs’.
China's cover-up of Covid-19 led to global pandemic and loss of a million lives: Trump
China has total control over WHO despite only paying $40 million a year compared to what US has been paying, which is approximately $450 million a year, says Trump
KP government asked to allow business activities 24/7
PESHAWAR: The business community in Khyber Pakhtunkhwa (KP) on Friday demanded an end to the ongoing coronavirus lockdown and asked for permission to resume businesses across the province 24/7.The
Crematoriums in city increase capacity
Civic bodies here have increased the capacity to cremate bodies from about 45 per day to about 95 per day by allowing the use of wood pyres at five crematoriums, a senior SDMC official said on Friday.
‘Circle of Love’ gathers steam in roti-for-migrants initiative
Informal group of volunteers who roused Mumbaikars into donating thepla rolls finds corporate support
Federer tops list of world's highest-paid athletes
Roger Federer topped the 2020 Forbes magazine list of highest-paid global athletes announced, leading the lineup for the first time.
Digital Asset XRP Liquidty Sets All-Time High Just Weeks After New Lawsuit Filed Against Fintech Ripple
XRP liquidity via the Mexican and Australian corridor recently reached another all-time high. The digital asset’s European corridor liquidity has also incr
The contrarian case for Hong Kong stocks, Rosenberg on when markets will dive, and are Canadians relying too much on savings accounts?
A roundup of investment ideas for active investors
UK lenders approve almost 1.5m holidays for card and loan payments
Requests to freeze accounts among distressed borrowers continues to grow
'These problems are all of our problems:' Nick Collison donates to NAACP Legal Defense Fund
Nick Collison announced Friday that he donated $20,000 to the NAACP Legal Defense Fund in memory of George Floyd, Ahmaud Arbery and "so many other people whose lives weren't valued because of the color of their skin."
US cuts ties with World Health Organisation over coronavirus response
President Trump said the US would be ‘redirecting’ the money to ‘other worldwide and deserving urgent global public health needs’.
Today In Payments: Mastercard Introduces Recovery Insights Tools; Starling Notches $49M In Funding
In today's top news, Mastercard introduces Recovery Insights tools, Google is mulling a share of Vodafone India, and Starling has raised $49 million.
Democrats Skeptical Of Second Round Of Stimulus Checks
House Democrats who had hoped to provide Americans with a second $1,200 stimulus check are facing opposition from members of their own party in the Senate.
Task Manager creator shares little-known tips and tricks for using the app
For example, did you know that if Task Manager ever hangs or crashes, you can open a new instance by pressing Ctrl+Shift+Esc? According to Plummer, Winlogon will search for an existing instance and try to recover it for up to…
US cuts ties with World Health Organisation over coronavirus response
President Trump said the US would be ‘redirecting’ the money to ‘other worldwide and deserving urgent global public health needs’.
Ryanair customers could be waiting up to six months for refunds
It will take three to six months for Ryanair to get through the backlog of refunds of cancelled flights.
Sunak scales back furlough scheme as Covid-19 death toll reaches 38,161
British chancellor announces lower wage supports and plans to stem unemployment
Keep Your Driver, Uber Tells Select Customers
Instead of hailing a ride to the grocery store, then dialing up another for the ride back, what if you could just keep your driver for the entire trip?
Off-Strip restaurants fill fine dining niche
High-end dining remains off limits on the Strip, but fine-dining aficionados have off-Strip options.
Govt likely to allocate Rs1,000b for Covid-19
Prepares draft for federal budget 2010-21 with a total outlay of Rs7,570 billion
Low Q4 growth telling commentary on economic mismanagement of BJP govt: Chidambaram
India's economic growth slowed to 3.1 per cent in January-March and to an 11-year low of 4.2 per cent for the full fiscal 2019-20 amid a drop in consumption and investment.
Leaked posts show Facebook employees asking the company to remove Trump’s threat of violence
"If we fail the test case here, history will not judge us kindly," an employee says. The Facebook posts were cross-posted from Twitter, which took action against them.
The coming recession is the best reason to step up the pace of renewables investment
It will not do to wait until the next power plant announces its closure. Building alternative infrastructure should start now
Agriculture, mining saved Indian economy in FY20; manufacturing bites
The farm sector is expected to perform well in FY21 as well.
Renault plans to cut 14,600 jobs worldwide in race to reduce costs
The measures round off a decisive week for Renault and its Japanese partners Nissan Motor Co. and Mitsubishi Motors Corp., drawing a line under a two-decade era of aggressive expansion
Ethereum’s Rocketing Funding Rates a Grave Sign for Its Ongoing Rally
The number of Ethereum long positions has been rocketing, which has been a warning sign that a liquidation-fueled movement is imminent.
WWE Rumors: Superstar’s New Contract Is Reportedly A Multi-Year Deal
A couple of weeks ago, Drew Gulak’s impressive WWE run came to a sudden end when his contract expired. It was a shock to everyone as fans thought he was receiving a massive push, which included ...
Trump administration to study ways to protect for U.S. investors from Chinese firms
WASHINGTON — The Trump administration will study ways to safeguard Americans from the risks of investing in Chinese companies, U.
SUV belonging to Gautam Gambhir’s father stolen
Sources said personnel deployed at the house were not present at the time of the incident. However, DCP Bhatia denied the allegations.
Nanded civic body rules out mass transmission of virus
The Nanded Waghala Municipal Corporation (NWMC) had feared the worst after more than 900 of the over 3,700 pilgrims stranded at Nanded’s Langar Sahib and Sachkhand Shri Hazur Sahib gurudwaras due to the coronavirus-induced lockdown had tested positive on returning to Punjab.
Delhi: Cases up over past 10 days, so is positivity rate
The city's overall positivity rate is 8.7% with the authorities having carried out 1,99,626 tests until May 29, out of which 17,386 were found positive.
Vehicle testing stations to reopen for business
The Ministry of Transport has announced that vehicle testing stations have been granted permission to open on June 1.
Outrage over ‘brutal beating’ of Nigerian in India
Sodiq Oyeleke Outrage has trailed the "brutal" beating of a yet-to-be-identified Nigerian in India. The PUNCH reports that many people on social media condemned the beating after the video su...
US stocks rise after Trump sticks to script on China
Shares in New York gained 4.5 per cent in May, buoyed by signs the US economy is stirring after shutting down in April.
Are Stocks Out of Control? What We Learned in May
A round-up of market analysis by Bloomberg Opinion.
Megacap Algo Trade Taking Lumps Right After Everyone Piled In
If there was one thing money managers believed heading into Memorial Day, it was that owning America’s algorithmically powered tech superstars was the surest bet for navigating the crisis.
Epstein Victims to Get Money Under Deal With Virgin Islands
Women who accused Jeffrey Epstein of sexually assaulting them as girls can now be compensated after his estate, valued in one filing at more than $600 million, struck a deal with the U.S. Virgin Islands.
Saudi Arabia Moved $40 Billion in Reserves to Sovereign Fund
Saudi Arabia transferred 150 billion riyals ($40 billion) from its central bank to its sovereign wealth fund as it went on an investment spree seeking to take advantage of recent market turmoil.
US “terminating relationship” with World Health Organization, Trump says
"China has total control over the World Health Organization," Trump claims.
Samsung Exclusive Stores in India are Now Suraksha-Certified for COVID-19 Pandemic - Gizchina.com
Samsung has now undergone Suraksha training program for its Exclusive Stores in India. This means that all stores will follow safety and hygiene guidelines.
Apple urgently requests LG to increase LCD panel supply - Gizchina.com
Apple urgently requests LG to increase LCD panel supply. There is a surge in the demand for Apple iPads especially in Asia
Sports Bar Owner, Firefighter Cries After Looters Destroy Business He Put Life Savings Into (VIDEO)
Protests have turned to raging riots in Minneapolis after the death of George Floyd at the hands of police officers.…
The L In L-Shaped Recovery Stands For Long
This is a weekly series focused on analyzing the previous week’s economic data releases. The objective is to concentrate on leading indicators of economic activ
Tata Motors Trading Near All-Time Low Ahead Of Earnings
Tata is set to report Q4 earnings results in the next few days and the company is expected to lose money once again. The company has been losing money for the l
Screening For Growth Leaders With Outstanding Profitability
Investing in growth leaders can be great, and investing in growth leaders with attractive profitability can be even better. Presenting a screener that selects c
Abdul Aleem Khan dismisses flour price increase by Mills Association
Pakistan Flour Mills Association had increased the price of flour by Rs 120
Taylor Swift is worth at least $360 million — see how the pop superstar makes and spends her ever-growing fortune
Taylor Swift uses her wealth on growing her real-estate portfolio across the US and donating to causes and charity.
Times Square billboards went dark for one minute to show support for struggling restaurants and hospitality businesses
Some of Times Square's iconic signage went dim to spotlight how insurers are using loopholes to get out of paying business-interruption claims.
Huge fire at industrial estate as 200 TONNES of paper goes up in flames
The blaze broke out in Wigan earlier this evening
New figures show which parts of the UK have highest coronavirus infection rate
The South West has the highest coronavirus infection - or R - rate in Britain, followed by the North East and East Midlands - amid warnings new restrictions could be needed
Williams considers selling F1 team after £13m loss
Williams revealed that they are considering selling the Formula One team after a multi-million pound drop in the company's financial results.
'World's biggest Airbnb': Approved 13-bedroom house not to be used for short-term letting
The $1 million house and pool must not be used for tourist accommodation.
Why some of my anti-Hillary friends are leaning towards Biden 2020
Donald Trump's supporters in 2016 could not get on board with Hillary Clinton, but it appears they could be swayed by Joe Biden in 2020.
Google Withdraws Offers To More Than 2,000 Contract Workers
More than 2,000 people who had signed employment agreements with Google as temp and contract workers have had their offers rescinded.
Epstein estate reaches deal with US Virgin Islands attorney general on victims compensation fund
A deal regarding a fund to compensate the dozens of alleged sex-trafficking victims of Jeffrey Epstein has been reached between the late financier's estate and the attorney general of the U.S. Virgin Islands following an impasse.
Intelsat asks bankruptcy court to clear roadblock for Spaceflight launch business sale
Intelsat is asking its bankruptcy court for authorization to modify a $50 million loan to Spaceflight Industries’ Earth-observation business BlackSky that could become a snag in Spaceflight’s sale of its launch rideshare business.
MTA ‘confounded’ by CDC push for people to avoid mass transit
MTA Chairman Pat Foye on Friday blasted a new CDC guidance that businesses encourage employees to avoid mass transit. “The CDC’s latest guidance marks yet another confounding
Major gaps in government plan for reopening childcare facilities
Major gaps are emerging in the Government’s efforts to reopen childcare facilities including a lack of any plan to fund services and ensure staff are paid if there is reduced capacity.
Trump administration to study ways to protect for U.S. investors from Chinese firms
WASHINGTON (Reuters) - The Trump administration will study ways to safeguard Americans from the risks of investing in Chinese companies, U.S. president Donald Trump said on Friday, ratcheting up pressure on the firms to comply with U.S. accounting and disclosure rules.
Stocks rebound on relief at Trump's response to China over Hong Kong
NEW YORK (Reuters) - A gauge of global equities rebounded and crude oil rose on Friday after U.S. President Donald Trump ordered an end to Washington’s special treatment of Hong Kong, a move investors welcomed as unlikely to jeopardize a trade accord with China.
International naval operation nets 50 tonnes of cocaine in 45 days
BOGOTA (Reuters) - A multilateral naval anti-drug operation confiscated 50 tonnes of cocaine in 45 days, Colombia President Ivan Duque said on Friday.
Federer tops list of world's highest-paid athletes
Roger Federer topped the 2020 Forbes magazine list of highest-paid global athletes announced Friday, leading the lineup for the first time with pre-tax earnings of $106.3 million (95.5 million euros). The Swiss tennis legend, a men's record 20-time Grand Slam singles champion, becomes the first player from his sport atop…
French carmaker Renault announces 15,000 job cuts worldwide
Struggling French carmaker Renault on Friday announced 15,000 job cuts worldwide as part of a 2 billion-euro cost-cutting plan over three years. Renault said on Friday that nearly 4,600 jobs will be cut in France in addition to more than 10,000 in the rest of the world. The group's global…
UK helps employers with slow phase-in of job shield costs
British finance minister Rishi Sunak offered fresh help to employers hammered by the coronavirus shutdown on Friday in the form of a gradual phase-in of contributions from them to the government's costly wage subsidy scheme. The government has been paying 80% of the wages of some 8.4 million workers since…
S&P 500, Nasdaq rally to close week higher as Trump’s actions against China seen not as disruptive as feared
Stock index benchmarks ended mostly higher Friday and booked sharp gains for the week and month, after a news conference from President Donald Trump on China...
Donald Trump axes all funding to WHO after claiming 'China has total control'
President Trump permanently suspended US funding to the World Health Organization after accusing it of a coronavirus cover-up with China
What do the new furlough rules mean for workers and businesses?
Chancellor Rishi Sunak has announced several changes to the furlough scheme.
VVIP choppers case: ED attaches Rs 385 crore asset of middleman Rajiv Saxena
The ED had contended before the HC that Saxena withheld information very strategically and has not disclosed full and true facts which were within his knowledge, relating to the commission of the offence. The matter is expected to be heard next on June 3.
No decision taken on setting up bad bank: Finance Minister official
The finance ministry on Friday said there is no decision taken on the proposal of setting up of a government-sponsored bad bank to help ease pressure on lenders with regard to non-performing assets
Stock Market Wrap-Up: Yes, This Retail Stock Really Did Hit a Record High Friday
The overall market was mixed to finish the week, but even a hard-hit industry had a big winner.
Students upset as some Canadian universities hike tuition fees
Some Canadian universities are raising tuition fees for the new school year much to the consternation of students, who argue their costs should be going down, not up in light of the COVID-19 pandemic.
Senate won't sit again until June 16
The Senate is staying closed for two more weeks, not planning to sit again until June 16.
CNN crew held
The episode came after a tumultuous night marked by unrest in Minnesota
Breezy tradewinds and windward showers to grace weekend | Honolulu Star-Advertiser
Breezy tradewinds with mainly windward showers are expected for Hawaii this weekend, according to forecasters.
Saudi Arabia moved US$40 billion in reserves to sovereign fund
The move comes as the world’s largest crude exporter faces exceptional fiscal pressure from a crash in global oil markets.
Germany Reaches EU Deal on $9.9 Billion Lufthansa Bailout
The German government worked out its differences with the European Commission over a 9 billion-euro ($9.9 billion) bailout of Deutsche Lufthansa AG, clearing the way for the rescue of Europe’s biggest airline to move forward.
Forbes drops Kylie Jenner from billionaires list
Kylie Jenner isn't a billionaire after all, Forbes as it accused the reality TV star's family of "inflating the value of her cosmetics".
Here's what Facebook employees are saying about Zuckerberg's decision not to remove Trump's threats of violence
“If we fail the test case here, history will not judge us kindly.” Leaked internal Facebook posts reveal that Facebook employees are horrified that Mark Zuckerberg and C-suite executives refuse to …
GOP lawmakers call for Illinois Department of Employment Security audit
Four Republican House members are requesting an audit of the Illinois Department of Employment Security after repeated complaints from people seeking unemployment benefits during the COVID-19 pandemic.
Manning agents question order to shoulder lodging costs for quarantined seafarers
Most manning agency executives are questioning a Department of Labor and Employment order tasking them to shoulder the cost of accommodation for sea-based workers undergoing COVID-19 quarantine procedures.
Puregold’s profit climbed 16.8% to P1.76b in Q1
Supermarket chain operator Puregold Price Club Inc. said Friday consolidated net income increased by 16.8 percent in the first quarter to P1.76 billion from P1.51 billion in the same period last year as the coronavirus pandemic boosted demand for essential goods.
Most actively traded companies on the TSX
TORONTO — Some of the most active companies traded Friday on the Toronto Stock Exchange: Toronto Stock Exchange (15,192.83, down 69.90 points.) Bombardier Inc. (TSX:BBD.B). Industrials. Down 3.5 cents, or 7.29 per cent, to 44.
Agriculture's contribution to Nigeria's economy in Q1 'highest in two years' - NBS
The contribution of Nigeria’s agricultural sector to the Gross Domestic Product (GDP) in the first quarter of 2020 was the sector's highest first-quarter
AfDB Allegations: Former presidents of African countries rally support for Adesina
Mr Adesina is currently battling 16 allegations levelled against him by a group. He has maintained he is innocent.........
Carrefour CEO Says Omnichannel Approach Helped With Front-Line Efforts
“Our group has become an essential actor for food — a public service,” said ceo Alexandre Bompard.
French mortality rate in May below previous years despite epidemic
French mortality rates between May 1 and 18 were six percent lower than for the same period last year and one percent below the rate seen over ...
OPEC delivers three quarters of record oil cut in May: survey
OPEC oil output hit the lowest in two decades in May as Saudi Arabia and other members started to deliver a record supply cut, a Reuters survey ...
OPEC delivers three quarters of record oil cut in May: Survey
OPEC oil output hit the lowest in two decades in May as Saudi Arabia and other members started to deliver a record supply cut, a Reuters survey ...
Charter Communications' EBITDA Margin Should Continue To Expand In 2020
Charter Communications is the second largest cable operator in the United States. The company should be able to continue to grow its cable Internet business tha
Garrett Motion: Significant Upside Potential But Fragile Financial Situation
Garrett Motion has a solid business with a dominant share of the market. However, the company is in a fragile financial situation with large maturities in 2025
The Markets End The Week In An Uptrend (Technically Speaking For 5/25-5/29)
The leading indicators points toward a continued contraction. The coincidental data shows the sharpest contraction in the last 100 years. The overall trends rem
US cuts ties with World Health Organisation over coronavirus response
President Donald Trump has said the US will be terminating its relationship with the World Health Organisation.
Jan-March expansion at 40 quarter low of 3.1%, 2019-20 GDP growth at 11-year low of 4.2%
India Business News: The country’s economic growth in the January-March quarter of 2019-20 expanded at its slowest pace in 40 quarters at 3.1%, dragged down by the manufac
Employer must submit paperwork before woman can get unemployment benefits
Some workers who filed unemployment claims are waiting on their employers to fill out necessary paperwork before they can get benefits.
Statistics Canada says first-quarter GDP worst showing since 2009
OTTAWA - Canada's economy had its worst quarterly showing since 2009 through the first three months of 2020 owing to COVID-19, Statistics Canada said Friday
Students decry tuition hikes as COVID-19 pandemic increases financial strain
TORONTO - Some Canadian universities are raising tuition fees for the new school year much to the consternation of students, who argue their costs should be
‘Cut cigarette taxes to pre-GST levels’
This will help to bring market share of smuggled foreign brands: FAIFA
Conmen create fake FB account of senior IPS officer
Followers lured with attractive investment plan
Do not shift shops: vegetable traders
Over 120 traders operate at the VOC market and the Salem Corporation has proposed renovation of the place under the Smart Cities Mission.
Dramatic photos show fire tearing through 200 tonnes of paper at industrial estate in Wigan
The smouldering paper sent smoke billowing into the air
Madison Beer Apologizes For ‘Poor Timing’ Of Plastic Surgery Rant, Raises Money For George Floyd Causes
Madison Beer is speaking out after being hit by backlash over an emotional video she shared about a controversial subject. On Thursday, Beer took to Twitter to defend a TikTok video defending herself against claims that she underwent plastic surgery, becoming emotional when she insisted that "this is literally my f**king natural face... I'm about…
Ex-butler of Jeffrey Epstein believes Prince Andrew 'maybe has something to hide'
EXCLUSIVE Breaking his decades-long silence, Juan Alessi, 70, claims he set up massage tables for Prince Andrew each day during an extended stay the Duke had at paedophile Epstein's home
Council-run markets to start selling more goods including plants and cakes
More stalls will be joining food traders on markets in west Suffolk from next week.
Billionaire Premji Hires Wipro CEO From His Rival Capgemini Thierry Delaporte New CEO
Thierry Delaporte will take over effective July 6, replacing Abidali Z Neemuchwala. Wipro named Thierry Delaporte chief executive officer, recruiting … Billionaire Premji Hires Wipro CEO From His Rival Capgemini Thierry Delaporte New CEO Read More »
Impact of Coronavirus (COVID-19) Lockdown Economy Needs Support From PSBs, Says Union Bank Chief
The country’s economy, which has been hit by the COVID-19 outbreak, needs support from the public sector banks (PSBs) to … Impact of Coronavirus (COVID-19) Lockdown Economy Needs Support From PSBs, Says Union Bank Chief Read More »
What’s Going on with Peer to Peer Lender Grupeer?
A couple of months ago Grupeer, a peer to peer lender ostensibly based in Latvia, shut-down all lending and allegedly halted all investor redemptions.
Shaw seeks exemption from having to provide new one gigabit internet service to wholesalers
Shaw argues that its phone-company competitors are not subject to the same requirements as cable companies, which creates 'regulatory asymmetry’
Epstein estate, victims reach agreement on compensation fund
A fund to compensate victims of Jeffrey Epstein's sexual abuse may begin making payouts soon, after the deceased financier's estate, his accusers and the attorney general of the U.S. Virgin Islands resolved their differences over the process. The accord came 9-1/2 months after Epstein killed
Main Street’s Digital Shift, ATM Innovation, PPP Loans Top This Week’s News
The Weekender has deep dives on Main Street's digital shift, ATM innovation and PPP loans.
Number of women dying by suicide increased by almost 50% last year
CSO report shows a total of 421 lives were lost to suicide in 2019
Covid-19 lockdowns stimulate condom demand
Worldwide annual production of condoms is said to be approximately 25 billion. The world's largest manufacturer is Karex Berhad, which was founded in Malaysia in 1988. The condoms it produces are marketed under a variety of brand names in dozens of countries. Due to the Covid-19 pandemic, Karex temporarily halted…
Japan revises law to make more part-timers join pension program
Japan revised a law Friday to make more part-time, and other nonregular workers join the employee pension program as well as allow eligible recipients to choose to start receiving benefits from the age of 75. Currently, part-time workers join the program only when they work 20 hours or more a…
Elon Musk vs. Bay Area officials: These emails show what happened behind the scenes in the Tesla factory fight
Emails detail what took place as Musk took public his fight with Bay Area officials and threatened first to reopen the factory without permission and then to...
Student loan borrowers say the government is unfairly taking their tax refunds — here’s what they are doing about it
Other borrowers say their paychecks are being garnished during the coronavirus outbreak, even though the CARES Act was supposed to prohibit the practice.
Food aid needed for Africa’s hungry strained by Covid-19 crisis
'Even if we help as many as we can, there’s always more to be done.'
EXCLUSIVE: Kylie Jenner could face criminal investigation and even JAIL over 'web of lies' surrounding her company's value after Forbes claimed she faked billionaire status, top financial fraud attorney reveals
Kylie Jenner could face a criminal investigation over alleged exaggerations of her company's value, financial fraud attorney Jan Handzlik told DailyMail.com.
Niti Aayog explains how India can access carbon credits worth $50-60 billion
In India, there has been a long history of farming that is based on traditional and environment-friendly practices. The state of Sikkim became the first-ever organic state in the world and was awarded the UN Future Policy Gold Award, 2018.
Canada's economy shrinks 8.2% in Q1 2020
The drop in Canada's gross domestic product in the 1st quarter of 2020 is the sharpest since the 1st quarter of 2009
Paytm moves HC claiming telecom companies not preventing phishing activity over their networks
One97 Communications Ltd, which runs the online payment platform Paytm, has moved the Delhi High Court alleging that telecom service providers are not blocking fraudsters who are defrauding its
Roger Federer tops list of world's highest-paid athletes
Roger Federer topped the 2020 Forbes magazine list of highest-paid global athletes announced Friday, leading the lineup for the first time with pre-tax earnings of USD 106.3 million (95.5 million
Inside Katie Price's 42nd birthday as all five kids join her for party games and cake
Katie Price and her five kids Harvey, 18, Junior, 14, Princess, 12, Jett, six, and five-year-old Bunny got together to celebrate her 42nd birthday next week
J&K Congress leader Soz’s wife moves SC against his house arrest
In her plea filed though advocate Sunil Fernandes, Mumtazunnisa Soz said she “has reasonable grounds for believing” that her husband “has been placed under house arrest in an unlawful and manifestly illegal exercise of powers...and in total disregard of the procedure established by law”.
Oil surges 88% in May, posting its best month on record
WTI crude oil spiked 88% in May, notching its best monthly performance gain on record, according to data from Bloomberg. The surge in oil prices...
US stocks erase losses, finish higher after Trump refrains from China sanctions
US stocks gained on Friday, reversing earlier losses, after President Donald Trump said he would take steps to revoke Hong Kong's preferential t...
Zoom Video Jumps to Record With Market Cap Now Above $50 Billion
Zoom Video Communications Inc. soared to a record on Friday with a rally in the last hour of trading helping the company close with a market value above $50 billion for the first time.
Infiniti Reinvents The Dealer Experience
Across the country, plenty of car dealerships are beginning to reopen their doors to shoppers, often seeing...
Chile, Peru secure credit lines from IMF amid pandemic
The IMF approved a two-year $24 billion credit line for Chile on Friday as the South American nation battles the growing impact of the coronavirus pandemic.
Germany, Brussels seal pact on Lufthansa rescue plan: sources
Germany and the European Commission have reached agreement on a giant Berlin-funded rescue plan for coronavirus-hit Lufthansa, a Commission spokeswoman and a source close to the negotiations said Friday.
Tesla's EV Market Share Is Low And Falling
What have you, the investor, assumed for Tesla’s EV market share? Both globally, and in Europe? You are about to find out the real numbers. Investors who are sh
Spirit Aerosystems Holdings: Strong Enough To Challenge This Crisis
Spirit AeroSystems Holdings, Inc. has built up a strong cash position to challenge the current crisis. Spirit and its customers - Boeing and Airbus have exclusi
Financial Markets Continue To Rise Despite Dismal Employment Data
The April unemployment rate was 14.7 percent as jobless claims continue to roll in. Q1 GDP was down 5 percent. If consumer spending does not rebound, then the r
Major Market Indicators Report June 2020: Downshifting To Neutral
U.S. equity markets stage a V-shaped recovery as our indicators shift down to neutral. Our risk adjusted fair value target on the S&P 500 is 3,080, representing
Retail sector braces for more pain as PAS Group collapses
Retailers will need to pull out all the stops to survive the looming recession after another major Australian business succumbs to the coronavirus.
ASIC flags payday lending concerns once COVID-19 fiscal stimulus dries up
More Australians will likely turn to high-risk payday loans when existing coronavirus stimulus measures run out in September, ASIC has warned.
Forbes Magazine Has Revoked Kylie Jenner’s Billionaire Status And Accused Her Of Lying
She's only worth a paltry $900 million.
Massey's Alison Brook looks at how we are responding to a world-scale natural disaster that is killing jobs super-fast and what the resulting long-term unemployment will will do to economic prospects
Massey's Alison Brook looks at how we are responding to a world-scale natural disaster that is killing jobs super-fast and what the resulting long-term unemployment will will do to economic prospects
Inside Katie Price's 42nd birthday as all five kids join her for party games and cake
Katie Price and her five kids Harvey, 18, Junior, 14, Princess, 12, Jett, six, and five-year-old Bunny got together to celebrate her 42nd birthday next week
Stablecoins Could Reach $1 Trillion Market Cap in 5 Years, According to Experienced Venture Capitalist focused on Blockchain Space
Lou Kerner, an advisory board member at Blockchain Coinvestors, a distributed ledger technology (DLT)-focused venture capital fund of funds that makes strategic
Developers vow to keep building skyscrapers, even as tech firms ditch their offices
Construction projects in Toronto and Vancouver continue as companies embrace working from home
Can this couple support their autistic child throughout her life while hitting retirement goals?
They are also looking to accumulate enough savings and investments to allow them to retire comfortably in their early to mid 60s. Their retirement spending goal is $90,000 a year after tax
A case study in how not to invest in bank stocks
Stay clear of these complicated investments
Bitcoin Daily: BitClave Settles SEC Charges By Agreeing To Return ICO Proceeds; Authentication Startup Magic Notches $4M In Funding
The SEC unveiled charges against BitClave PTE Ltd. for allegedly conducting an unregistered initial coin offering (ICO).
Chicago Purchasing Managers Index Tumbles To 38-Year Low
The widely watched Chicago Purchasing Managers Index fell to 32.3 in May, hitting its lowest level since the recession year of 1982.
Transfer Talk: Paul Pogba move from Manchester United to Real Madrid hits snag
Paul Pogba's wage demands are holding up a potential move from Manchester United to Real Madrid. Transfer Talk has the latest.
Move 4 Less offers free moves to four families
The COVID-19 virus has triggered economic hardship throughout the Las Vegas community with many people struggling to pay their mortgage or rent. To help ease their burden, Move 4 Less has created t...
Working hours for commercial activities from 7am to 1pm from Sunday
The Ministry of Commerce and Industry (MoCI) said yesterday in a circular that work hours for commercial and service activities in Qatar will be from 7 am to 1 pm from Sunday. The steps are taken within the framework of the preventive and precautionary measures taken in Qatar to contain the COVID-19 outbreak and in line with previous decisions and procedures.
Credit flow: Rs 4L crore reverse repo funds sanctioned as loans
RBI data show banks have parked Rs 6.3 lakh crore under the reverse repo route.
Tata vs Mistry: SC to hear Cyrus Mistry’s plea for Tata Sons board seat
Mistry wants the SP group firms - Cyrus Investment Pvt Ltd and Sterling Investment Corporation - should be given proportionate representation on the Tata Sons board and all its committees, which allegedly was denied to his family group.
Amphan cyclone: Insurers estimate losses up to Rs 1,000 crore
With the general insurers receiving mostly property and motor claims after cyclone Amphan caused widespread distructions in West Bengal and Odisha, the insured losses from the calamity could be in the range from Rs 800 crore to Rs 1,000 crore.
Markets buck global trend, march higher for third day
On Friday, the benchmark Nifty was up by 90.20 points or 0.95% to close at 9,580.3. The 30 share index Sensex was up by 223.51 or 0.69% to close at 32,424.1.
Covid impact: Big tax shortfall raises Centre’s fiscal deficit to 4.6%
Spending kept at 99.5% of RE to support falling economy.
Covid effect? Debt Mutual Funds to face multiple headwinds
Since the lockdown was imposed in India to contain the spread of novel coronavirus, weak liquidity of underlying assets and redemption pressures have been a risk to the debt mutual funds.
Niti Aayog suggests slew of steps to make India’s exports competitive
The measures include establishment of a national trade network (NTN), improving information flow and making customs processes and IT systems more efficient.
Microsoft replace editors with AI at Microsoft News
Microsoft CEO Satya Nadella has always advocated for AI to be used alongside instead of in place of employees, but it seems when the opportunity arose Microsoft was just too happy to take advantage of an all-AI solution. BusinessInsider reports that Microsoft News has just laid off dozens of editors for MSN.com in favour of […]
Lush Is Slowly Reopening Its Stores Across the US, and We Can Smell the Good News From Here
Lush stores in the US and Canada are expected to reopen by early July, beginning with a phased rollout of contactless pickup.
Bangladesh becomes 60th nation to receive IMF pandemic aid
The coronavirus outbreak is severely affecting Bangladesh's exports of ready-made garments and remittances, notes the International Monetary Fund
Fed chair warns of widening inequality as U.S. consumption dives
United States consumer spending plunges by a record 13.6% in April 2020
Flashback: Black Business Owner Furious After Business Destroyed During L.A. Riots
Riots broke out in 1992 after cops acquitted in Rodney King trial
Govt reducing income of SBI depositors by reducing interest rates: Congress
The Congress on Friday accused the BJP government of reducing income of State Bank of India (SBI) depositors by bringing down interest rates and demanded that the previous rates be restored. The
Dead Cat Bounce or Real Rally?
Investors are split on whether the rally since late-March is the real-deal or a short-lived bounce. Here's what our quant experts are saying.
Early warning: Growth slows to 3.1 per cent in Q4 which had just one week of lockdown
The March quarter estimates dragged the overall GDP growth rate for 2019-20 to an 11-year low of 4.2 per cent, the provisional estimate released by National Statistical Office (NSO) on Friday showed.
Germany, Brussels seal pact on Lufthansa rescue plan, say sources
FRANKFURT, May 30 ― Germany and the European Commission have reached a pact on a giant Berlin-funded rescue plan for coronavirus-hit Lufthansa, a Commission spokeswoman and a source close to the negotiations said yesterday. Since the pandemic hit Europe, the Lufthansa group ― which also...
Einhorn’s Greenlight Hedge Funds Rebound With 7.4% Gain in May
David Einhorn’s hedge funds surged 7.4% in May as U.S. stocks rallied.
Gov Emmanuel vows to investigate NDDC director’s death
Gov Emmanuel has vowed to investigate the sudden death of the Ag Executive Director, Fin and Admin of the NDDC, Ibanga Bassey Etang.
Nikon Releases Brutal Financial Report, Lays Off 700 in Southeast Asia
After delaying the report—and publishing a revised financial forecast earlier this month—Nikon has finally released its Fiscal Year 2020 financial results. At the same time, the company reportedly cut 10% of its workforce in Thailand and Laos, laying off 700 people.
World needs answers from China: Trump says US 'terminating' relationship with WHO
As the COVID-19 pandemic erupted, Trump accused the UN agency of being a 'puppet' of China and had already suspended funding in mid-April.
Neiman’s Bankruptcy Puts Spotlight On Mytheresa Transfer
The asset transfer of the online shopping retailer, what some creditors have called Neiman’s “crown jewel,” looms over the proceedings.
Coronavirus sinks US consumer spending; savings hit record high
U.S. consumers cut spending by the most on record for the second straight month in April while boosting savings to an all-time high, and the ...
Apollo Global Management: For When Blood Runs The Street
Apollo used the corona-downturn to its advantage. Increase in permanent capital makes the business more stable. Funds are being raised, and deals are being made
Pier 1 Imports gets approval from a judge to liquidate its remaining stores
"This is not the outcome we hoped for when we began this process," the company's CEO said in a statement.
Streetwise newsletter: Best reads of the week
Here are the top reads on deals and financial services over the last week
Bitcoin Risks a Free-Fall to $7,000 Despite Strong Fundamentals, Analysts Warn
Fundamental strength may not be enough to stop Bitcoin from seeing a decline into the $7,000 region – according to one prominent trader.
Goldman Takes Bitcoin To Task
Goldman analysts have stated that cryptos such as bitcoin are "not an asset class," as they do not generate cash flow or earnings.
India paves way for Apple, others to increase domestic production by removing a clause
Govt has dropped irritants from its PLI scheme, paving way for phone-makers to ramp up production in India.
Accenture gives bonuses to a large part of its staff
The payouts have been made over the past few weeks to more than half its 2,00,000 employees in India across technology and business process management centres, multiple sources said.
Stick or twist? Investors in virus-induced property dilemma
LONDON: The coronavirus pandemic has emptied offices and shuttered shops but filled warehouses and highlighted demand for work-from-home spaces, leaving investors wondering if they should flee real estate or double down on their bets. Property has long been a staple of a balanced investment portfolio, favored by pension funds and insurers seeking assets that combine capital
Many Choosing Not To Take Vacations This Summer
A new survey published by PRNewswire indicates a large percentage of us plan on keeping our noses to the grindstone all summer long.
Madhya Pradesh: Mandsaur farmers produce record 2.85 lakh metric tonne of wheat
An amount of Rs 388.90 crore has already been deposited in the bank accounts of farmers.
IMF Approves $732 Million to Help Bangladesh Address Effects of Coronavirus Measures on Economy
WASHINGTON (Sputnik) - The International Monetary Fund (IMF) said in a statement that it has approved a $732 million funding to help Bangladesh overcome the impact of...