‘It’s very worrying’: Jobs axed and fears for tourism industry in Perthshire town as hotel permanently closes

The closure of a landmark Perthshire hotel has sparked fears for the local economy as the coronavirus lockdown takes its toll on tourism in the area.

GBP/USD: Bad news on all fronts – Rabobank

Sterling is facing pressure on a variety of fronts. The prospect of more monetary policy stimulus, a deep recession and political uncertainty is set t

Germany planning to support medium-size firms by up to €50K per month – DPA

Citing a German government document on Monday, Deutsche Presse-Agentur GmbH (DPA), reports that they are considering plans to support medium-size firm

EUR/JPY Price Analysis: Support emerges in the 117.00 region

The downside momentum in EUR/JPY lost momentum in the 117.00 area so far, after being rejected from monthly tops in the mid-118.00s. If sellers remain

EUR/USD: At major support, the tendency is to the downside

EUR/USD Monday's four-hour chart is showing the pair is just above critical support, Yohay Elam, an analyst at FXStreet, reports. Key quotes “The four

German IFO’s Economist: Economy sees light at the end of the tunnel

Following the release of the final German IFO Business Survey, the institute’s Economist said that the economy sees light at the end of the tunnel. Ad

German IFO Business Climate Index beats estimates with 79.5 in May, EUR/USD uninspired

more to come ... About German IFO The headline IFO business climate index was rebased and recalibrated in April after the IFO research Institute chang

EUR/USD: Geopoliticals risks can send the euro down

EUR/USD has been under pressure amid intensifying Sino-American tensions while objection to the Franco-German plan is weighing on the euro. Yohay Elam

AUD/NZD: The key 1.10 resistance looms on the horizon – Westpac

The AUD/NZD recovery is backed by Australia’s stronger external position. Economists at Westpac Institutional believes a test of the 1.10 key resistan

Iran’s Oil Minister: Demand for oil is ‘very vague’

The demand for oil is ‘very vague’, Iran’s Oil Minister Bijan Namdar Zangeneh said on Monday. He added that no one can predict crude prices, which are

The social enterprise at work: Paradox as a path forward

Deloitte Study: When Resilience Can Determine Organizational Survival, Only 16% of Business Leaders Expect to Significantly Increase Investment in the Continual Reinvention of the Workforce Over the Next Three Years With COVID-19 creating urgency around workforce reinvention, it’s clear that while organizations have doubled down on investments in technology over the past decade, many have […]

Central set to resume flights

Central Mountain Air will resume commercial flights starting July 6.

Seoul stocks close higher on hopes of economic stimulus

South Korean shares closed sharply higher Monday on hopes of massive economic stimulus steps sought by the local government. The Korean won fell against the US dollar amid the growing tension between the United States and China. The benchmark Korea Composite Stock Price Index (KOSPI) gained 24.47 points, or 1.24 percent, to close at 1,994.60. Trading volume was moderate at about 630 million shares worth some 7.84 tr...

Debt of consumer discretionary firms faces a downgrade

Ratings firm Crisil has forecast that consumer discretionary services and products are expected to be worse hit by the Covid-19 disruptions.

UoN to get lion’s share of Sh6.6bn salary raise

Parliament approved the payment in a supplementary budget last month.

Virgin Media Ireland announce €1 Million fund to help businesses nationwide

Virgin Media has today launched a  €1 Million support fund as part of its #BackingBusiness initiative to boost Irish businesses nationwide.

UK employers to be asked to pay 'up to 30% of wages from August' as furlough winds down

Chancellor, Rishi Sunak has said the furlough scheme will be in place until at least October, however, companies will be asked to start sharing the cost from August

Romualdez: DCC to OK 3 anti-COVID-19 bills

HOUSE Majority Leader and Leyte Rep. Martin Romualdez on Monday said the Defeat COVID-19 Ad Hoc Committee (DCC) will approve this Tuesday morning for plenary deliberations three anti-coronavirus disease-19 (COVID-19) bills, including the P568 billion economic stimulus package.

Win wants Meralco to issue more transparent electric bill

SENATOR Win Gatchalian has urged the Manila Electric Company (Meralco), the country’s largest distribution utility, to come up with a separate bill that is more transparent and will be very clear to the consumers, following mounting complaints of sudden surge in supposed electricity consumption for the month of May.

Route cleared for GasLink

Clearing for the first two spreads of Coastal GasLink pipeline construction through the Peace region is nearly complete.

SK Global Chemical to make 70% of products ‘green’ by 2025

SK Global Chemical, an affiliate of South Korean energy giant SK Innovation, said Monday that it would make 70 percent of its products green by 2025. Currently only 20 percent of its products are considered green, and the change is needed not only for the environment but also to ensure long-term survival, the company noted. In a recent online meeting with staff and executives, SKGC President and CEO Na Kyung-soo ...

Healy-Rae's hire firm enjoys bumper year with €175,000 profit

A plant-hire company owned by Kerry politician Michael Healy-Rae made a profit of almost €175,000 in 2019 during a bumper year for the business, according to newly filed accounts.

Report: Mikel Arteta ‘dreams’ of signing Philippe Coutinho but £71m a big stumbling block

Arsenal's Spanish boss is seemingly a big fan of the Barcelona star.Arsenal's Spanish boss is seemingly a big fan of the Barcelona star.

An office designer explains how workplaces will change after the coronavirus – and, yes, hot desking is dead

When it’s all said and done, hot desking will be the least-mourned casualty of the coronavirus.

This July, Go As Dry As You’re Willing To Try

There’s no denying that 2020 has been a challenging year. And while Dry July has always been a 31 day challenge to raise funds for people affected by cancer, this year only, Dry July NZ Trust has decided to include a few new options to encourage as many people as possible to get involved in Dry July. Introducing Dry(ish) July: encouraging the nation to go as dry as they’re willing to try, to fundraise for people affected by cancer.

The new normal: How coronavirus pandemic is changing consumer behaviour

Feedback Insights, a Bangalore-based research firm, conducted a survey that brings to light the consumer behaviour patterns that will reshape the economy in the post-Covid-19 world.The survey in which

We’re evaluating new food trends that gained momentum during lockdown: ITC’s Hemant Malik

Significant uptick in essentials; salience for larger-size packs

Big Price Hike On Entire KTM Lineup – RC125, Duke 125 To 390 Adventure

KTM India has bumped up the prices of all its motorcycles except for the KTM 790 Duke, all the motorcycles come with a slew of changes along with BS6-compliant engines

Are you still watching? Netflix to start canceling inactive accounts, if members don't confirm.

Netflix users who don't want to see their subscriptions canceled should make sure to answer if they're still watching.

Big Hit acquires Pledis in push for expansion

Big Hit Entertainment has become the biggest shareholder of its smaller rival Pledis Entertainment, the company said Monday. The acquisition is the latest in a series of moves to expand Big Hit’s presence in the burgeoning K-pop industry. Last year alone, the firm acquired Source Music, the music label for girl band GFriend, and game music company Superb. With the addition of Pledis, the firm now boasts an ...

Chromebook to win most in Japan purchase program, says Digitimes Research

The Japanese government will begin a JPY300 billion (US$2.786 billion) plan to purchase mobile computing devices to cope with urgent demand for remote study triggered by the coronavirus pandemic, with Chromebooks likely to emerge as the favorite thanks to their advantages in hardware and software costs as well as local industry support.

POS device makers coping with pandemic

POS (point of sale/service) device makers Flytech Technology, Posiflex Technology and Partner Tech have enhanced added-value for and extended application of their products to cope with negative impacts of the coronavirus pandemic, according to industry sources.

Pachinko upgrades to boost NAND flash demand

Upgrades in Japanese-made pachinko game machines are set to play a driver of NAND flash demand growth in 2020, according to industry sources.

Moving production lines out of China is uneasy

Taiwan-based electronic component supply chain makers have come under pressue to move production lines out of China in the wake of the US-China trade war and coronavirus pandemic, but they have claimed relocation is not easy mainly because of the high cost incurred.

Greyscale is Buying Bitcoin At Record Rates: $29.9M Per Week, & Growing

Greyscale is thought to have purchased "2/3rd of all supply of newly minted Bitcoin" in the 100 days before May 17th.

Fmr. Finance Minister calls massive financial support for Air France-KLM 'risky'

Former Finance Minister Jeroen Dijsselbloem is critical of the Dutch and French governments' plans to provide Air France-KLM with billions of euros in emergency support. It is very risky to extent

India cannot afford brakes on consumption, says Sadashiv Nayak, CEO of Big Bazaar

Lockdown Hits Indian Airlines Hard, Many May Find Survival Difficult: Ex-Aviation Regulator Member

New Delhi (Sputnik): The aviation business in India contributed $72 billion to the nation's GDP registering an overall growth trend of around 11 percent per annum over...

Huawei Reportedly Issues Chip Supply Request to Samsung as It Braces for More US Pressure

Last week, US officials reportedly indicated that they may further tighten the rules that aim to cut the Chinese tech giant Huawei off from global chip sales.

Tencent is buying 20% stake in Marvelous

News has emerged this morning from Bloomberg that Chinese firm Tencent is buying a 20 percent stake in Japanese developer Marvelous. Marvelous is behind recent hits like Daemon X Machina and Story …

Coronavirus impact: Exporters face cash crunch as buyers demand double the credit to 120 days

Trade body advises members to only export to countries which have announced stimulus

Coronavirus impact: Tata Group top rung to take 20% pay cut

Coronavirus crisis: TCS, Tata Group's most profitable company was the first to announce a pay cut for its CEO Rajesh Gopinathan. Indian Hotels said that its senior leadership would contribute a percentage of their salary this quarter to help the company

Reimbursement part of salary to change! Wi-Fi, BYOD, home office furniture allowance may be new normal

Raj N Phani, the founder of Zaggle, a payments start-up, says pay structure realignment is happening in corporate India as a response to Covid-19

RBI Home, Personal Loan EMI Moratorium: When should you avoid it and when to avail?

Home, Personal Loan EMI Moratorium: With the hardship continuing due to the ongoing lockdown, the RBI has extended the moratorium of term loans by a further three months till August 31, 2020.

Need to know: Monday

The coronavirus pandemic is dominating global markets, business and politics. Here's our daily take on the most important stories, and some things to watch out for.

Trade deal with Europe seems a long way off

The government has confirmed that in the absence of a trade deal with the EU27, the UK is ready to operate on the basis of global World Trade Organisation tariffs.

Let’s support farmers and try to keep shopping locally

From milk, meat and vegetable deliveries to the creation of local food hubs, the shop local message seems to have taken on a renewed resonance during lockdown.

Aston Martin CEO Being Replaced With Mercedes-AMG CEO

Having struggled over the past several months, the coronavirus pandemic has exacerbated problems for Aston ...

Satoshi Nakaboto: ‘Bitcoin continues downtrend with 5% loss in one day’

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 Satoshi Nakamoto used to say: Time to learn some stuff about Bitcoin! Bitcoin price We closed the day, May […]

Adobe’s top tips to adapt your commerce strategy during the pandemic

Making clear and factual statements, meeting customer commitments, and ensuring business and operational continuity is more important than ever

Health, leisure worst hit by 'double dipping' ruling

A Credit Suisse analysis has found a ruling that grants regular casuals paid leave could see some industries' holiday pay bill climb by hundreds of millions of dollars.

US-based Alsco seeks permission for Spotless Laundries

The sale of Spotless Laundries is certainly keeping the minds at the competition regulator busy. 

FEC shrugs off market worries over Bourke Street tower

Of eight construction projects in Melbourne given the green light on Monday, four involved crucial amendments to existing permits.

Heartbreak as coronavirus forces much loved Fife charity to quit

The coronavirus crisis has forced the closure of a charity which has served one of Fife’s most deprived communities for nearly two decades.

EU: 'End' of U.S. Leadership, Rise of China 'Happening Before Our Eyes'

BERLIN (AP) - The European Union's top diplomat has called for the bloc to have a "more robust strategy" toward China amid signs that Asia is replacing the United States as the centre of global power.

Bayer shares jump on report of Roundup settlement

FRANKFURT AM MAIN, May 25 — Shares in German chemical giant Bayer rose sharply today after reports it was close to a mass deal with American plaintiffs who say their cancers were caused by unit Monsanto’s Roundup weedkiller. Bayer stock was up around 5.3 per cent at €60.69 (US$66) in...

CMCO: Penang releases guidelines to reopen arts, cultural spaces, says state tourism chief

GEORGE TOWN, May 25 — Penang government has released a set of guidelines to reopen arts and cultural spaces, emphasising on social distancing and other public health requirements mandated by the federal and state governments. In a statement today, Penang Tourism, Arts, Culture and Heritage...

Africa’s energy potential can create opportunities amidst COVID-19

The AU Commission and IRENA say that the energy potential in Africa can turn the COVID-19 crisis into an opportunity for the continent and its population.

Madagascar: Sahofika hydropower BOOT scheme to get 4 million Euro loan

The Sahofika hydropower project entails the construction of a 205MW hydroelectric power plant on a Build-Own-Operate-Transfer basis.

Iran's Zanganeh says hard to predict oil prices as demand unclear - radio

DUBAI — Iran’s oil minister said on Monday it was difficult to forecast crude prices amid uncertainties over prospects for demand, Iranian state radio reported.

Huawei could still be removed from UK 5G networks

Huawei 5G kit under scrutiny again, but Chinese giant fights back.

Snapchat daily user base in India grows by 120%

Photo messaging app Snapchat says its daily active user base (DAU) in the country has jumped 120 per cent year-on-year in March 2020.

60 days, 56-fold growth: India now second largest PPE manufacturer

According to Invest India, the government company, India has become the second largest maker of PPE kits, considered key to fight Covid-19. It has said India achieved this feat in two months.

CCL Stock Price: Carnival Corp may kick off the short week on a positive note, reasons

Americans are enjoying the long Memorial Day weekend and may have spare time to plan a longer vacation – perhaps on a cruise ship. Scenes of people cr

S&P 500: The market ended on a positive note in 17 of the past 23 presidential election years – Charles Schwab

Interest in the next presidential election and its potential impact on the market increases exponentially as we approach Election Day. While the outco

US Dollar Index Price Analysis: Upside targets the 100.00 mark

Monday’s upside momentum in DXY appears to have lost some vigour in the vicinity of the key barrier at 100.00 the figure so far. A surpass of the 100.

EUR/USD Price Analysis: Further consolidation remains on the cards

The decline in EUR/USD seems to have bottomed out around Monday’s lows in the 1.0870 region for the time being. If sellers regain the upper hand, then

USD/CAD: Oil to refrain the loonie recovery – CIBC

Oil prices are still sitting at low levels, and the trend back to risk assets looks vulnerable, so analysts at CIBC Capital Markets don’t expect the l

AUD/USD: Stable environment for the Aussie – CIBC

The Aussie is up over 4% since mid-April and an earlier than anticipated dose of optimism has forced analysts at CIBC Capital Markets to revise the AU

NITI Aayog Vice Chairman suggests 7-point development model

NITI Aayog Vice Chairman suggests 7-point development model: Niti Aayog Vice Chairman Rajiv Kumar has presented a seven-point model for India's development. During the Facebook Live Dialogue .... Get all latest entertainment & viral stories on english.lokmat.com

Protect bankers’ interest for free flow of credit to small firms: Seshagiri Rao

Banks and their employees are reluctant to extend loans to India Inc unless and until they are given adequate protection from penal action if the loan turns bad at a later stage.Most of the sections o

Fast Track mergers: MCA keen to extend facility to more classes of companies

asks industry to come up with comprehensive suggestions

Snapchat looking to expand India business based on growth in user base: Report

Social media platform Snapchat is eyeing significant growth in its India business owing to a surge in usage, according to media reports.Snapchat’s daily active user base (DAU) in India increased by 12

Kiwi start-up gets funding to develop COVID-19 vaccine

Kiwi start-up gets Government funding to develop COVID-19 vaccine

NZD/CAD: Downside Pressure Likely

NZD/CAD is a risk-neutral pair, owing to the fact that both NZD and CAD are often considered commodity currencies. Since CAD is more exposed to the oil market,

Coronavirus Ireland Live Updates: Over 2,000 people have died from virus on island of Ireland

Follow the latest coronavirus news in Ireland and across the world on the Independent.ie live blog.

$26M for city staff payroll

The City of Vernon has disclosed its council and staff payroll for 2019, showing over $26 million in total payments for the last calendar year.

Tea farmers to get lower bonuses

Kanyago says tea prices at Mombasa auction have gone down.

Yogi Government To Form Migration Commission To Provide Migrant Workers Employment In The State

The Yogi Adityanath led Uttar Pradesh government has ordered the formation of a “Migration Commission” which will be tasked with providing employment to migrant workers who have recently returned back to the state in light of the Covid-19 lockdown, ANI has reported.

Pig farmers adopting new technology to increase productivity

Kampala, Uganda | THE INDEPENDENT | A new generation of Ugandan livestock scientists have developed software for improving the productivity of pig farmers. The new technology known as the ‘Livestock Feed Calculator’ has been developed in the form of a mobile phone application which is used to monitor the growth of the animals and appropriately guide …

Coir, coir product exports weather Covid disruptions

India’s coir and coir product exports seem to have weathered the Covid-19 crisis, even as several other sectors have taken a hit in the global markets.“Coir and coir products could fetch an export r

COVID-19 Delivers Unprecedented Hit To Kiwis’ Financial Resilience

The first survey in a major new series commissioned by the Financial Services Council has revealed that COVID-19 has delivered an unprecedented hit to New Zealanders’ financial resilience and wellbeing.

Coronavirus could cost Mexico a million jobs: President

Mexican President Andres Manuel Lopez Obrador said on Sunday that the novel coronavirus could cost as many as a million jobs in the country as ...

JobKeeper to be reviewed – but Treasurer rules out expansion

The Treasurer has hinted there might be more support for the tourism sector after a $60 billion accounting error in JobKeeper payments was uncovered.

Eir sells its towers for €300m

Eir, the country’s largest telecoms provider, has sold its tower infrastructure company to Phoenix Tower International for €300m.

ILO to PM Modi: ‘send clear message’ on changes in labour laws

A group of 10 Central trade unions wrote to ILO, seeking its intervention to protect workers’ rights and international labour standards.

Travel to Queensland: Tourism operators face ruin over border closure due to coronavirus

Queensland tourism operators face ruin if they’re unable to target southern Australians for winter holidays due to borders remaining closed.

Nissan Considering 20,000 Job Cuts, Mainly In Europe And Developing Nations: Report

The possible job cuts come as Nissan prepares to announce its updated mid-term strategy this week. Profits at the automaker … Nissan Considering 20,000 Job Cuts, Mainly In Europe And Developing Nations: Report Read More »

Hyundai India, Maruti workers get coronavirus, showing restart risks

Workers at two of India’s biggest carmakers have tested positive for the novel coronavirus days after restarting operations, exposing the … Hyundai India, Maruti workers get coronavirus, showing restart risks Read More »

Survey launched over lifestyle changes amid lockdown

A survey has been launched over how people's lifestyles in the Black Country have changed over the past three months.

FinTechs Help Main Street Find Its Footing

Social distancing and changes in consumer habits have SMBs investing in FinTech and embracing business model flexibility to preserve revenues.

How The Stage Was Set For The Pandemic’s Great Digital Shift

The pandemic has spurred a great shift to digital, but the foundation was already in place, underpinning consumer behaviors that seem poised for permanence.

The Long-Term Consequences Of Knee-Jerk Supply Chain Reactions

Impulsive supply chain shifts introduced today amid the pandemic are likely to cause long-term changes — some positive, and some potentially detrimental.

Biden wants Amazon to 'start paying their taxes'

Former Vice President Joe Biden has renewed his criticism of e-commerce giant Amazon, once again turning the company into a political football that has been kicked around by presidential candidates on ...

'We are all connected, even if we make our fake borders': Abhay Deol on coronavirus pandemic

Abhay further added that it would take a while for everything to go back to normal.

ITC to acquire spices maker Sunrise Foods

The company on May 23 entered into a Share Purchase Agreement to acquire 100% of the equity share capital of Sunrise Foods Private Limited.

Middle-aged consumers emerge as major digital content subscribers

Subscription-based streaming services and e-books are no longer the preserve of the tech-savvy younger generation. People in their 50s and 60s are fast becoming a major consumer base in the digital content market, at least among the better off, a survey showed Monday. From 2016 to 2019, the amount that people in this age group spent on digital content increased 160 percent while the number of online payments soare...

Current account likely to turn to red in 2030 over aging population: KIEP

Due to its fast-aging population and consequently reduced productivity, South Korea will continue to see its current account decline over the years and eventually turn to the red as early as in the next decade, according to a state-run think tank. “The country’s fast-aging demographic trend is likely to reduce the current account surplus or cause a deficit,” the Korea Institute for International Ec...

Acleda Bank lists on KRX-invested Cambodian stock exchange

Acleda Bank, the biggest commercial bank in Cambodia, said Monday it was listed on the Cambodia Securities Exchange in which the Korea Exchange (KRX) has invested. The Cambodian bank had assets of $6.18 billion as of the end of last year. Its market capitalization marked $1.75 billion -- nearly three times that of five listed firms in the country. Since the large-cap stock went public, the lackluster Cambodian stoc...

Workplace bullying costs economy €239m per year

NUI Galway study finds that bullying is more prevalent in public sector than the private

At least 23 million migrants are returning to India’s villages. Can the rural economy keep up?

The country’s villages are already grappling with hidden unemployment.

Volkswagen mulls launch of entry-level Jetta brand in emerging markets

A fresh report suggests Volkswagen is considering launching its entry-level Jetta sub-brand in emerging markets outside of China.

Senior Citizen Savings Scheme (SCSS), FD to GoI Bonds: Top investment options for senior citizens

Best investment options for senior citizens during Coronavirus pandemic: Check out investments that can be done online without having to go out.

HDFC Bank Credit Card, Debit Card Offer: Save up to Rs 2000 on buying AC, refrigerators, coolers online

As part of the offer, HDFC Bank is providing 10 percent Instant Discount with HDFC Bank Credit Cards and Credit/Debit EMI Transactions.

Choice Hotels expands Choice Privileges benefits for loyalty program members

ROCKVILLE, MD. – Choice Hotels International, Inc. announces a series of enhancements to expand the benefits of its Choice Privileges loyalty program for its more than 45 million members. Changes build on the existing program features that members value, allowing more time to redeem points and offering new elite status benefits. These updates reflect Choice’s ongoing commitment to its guests, loyalty members and franchisees, as the company continues to evaluate ways to best serve them amid the COVID-19 pandemic.   “Even during

Two scenarios for inbound tours for rest of the year - VietNamNet

After seeing 33 percent growth rate in January compared with the same period last year, Vietnam’s tourism witnessed sharp decreases in the next months, 22 percent in February and 68 percent in March, because of Covid-19.

BDO tops initial list of top taxpayers in 2019

A subsidiary of embattled ABS-CBN also makes it to the initial list of the top 500 taxpayers

Global oil demand is not heading for a permanent decline

Videoconferencing will not solve our energy and climate challenges, says IEA chief

Sportscar brand Aston Martin could see AMG chief come in as CEO

Incumbent CEO Andy Palmer has had an indifferent run as CEO for some time

People more worried about economic crisis than health issues from coronavirus, finds study

The study - conducted by Centre for Marketing in Emerging Economies (CMEE) at IIM Lucknow - revealed that majority (79 percent) of people are worried and surrounded by a feeling of fear (40 percent) and sadness (22 percent).

How coronavirus might hit EU defence spending

Among the casualties of coronavirus - worldwide and in the EU - is the defence sector. However, the Covid-19 pandemic has not made the world a less dangerous place and there is no alternative to having a functioning defence system.

No free gifts or joint debt, EU 'frugals' say

EU pandemic bailouts should be loans, not grants, and there should be no joint debt, Austria, Denmark, the Netherlands, and Sweden said in a joint statement Saturday. "We propose to create an Emergency Recovery Fund based on a 'loans for loans' approach,"...

Soros: EU needs 'perpetual bonds'

Europe must issue "perpetual bonds" to fund pandemic bailouts or risk collapse, billionaire financier and philanthropist George Soros said Friday. "If the EU is unable to consider it now, it may not be able to survive," he said. Perpetual bonds never matu...

EU gives €3bn corona assistance to neighbour states

The EU Council announced last week (20 May) it had "adopted a decision to provide up to €3bn of macro-financial assistance to 10 enlargement and neighbourhood partners to help them cope with the economic fallout of the Covid-19 pandemic". "Financial assis...

KKR becomes Jio Platform's fifth investor in five weeks | ZDNet

Bringing the amount of investment made to ₹78,562 crore during this recent investment cycle.

Polyus Has Been Hit By The Coronavirus, And This Hit May Be Pretty Hurtful

The epidemiological situation at Polyus' key asset is rapidly deteriorating. The management's negligence of safety measures has led to hundreds of COVID-19 infe

Suzuki Motor Gujarat starts production

Suzuki Motor Gujarat Pvt Ltd (SMG) has said it would re-start production of vehicles from Monday. The company informed Maruti Suzuki India Ltd (MSIL) that production would be strictly in accordance wi

ITC To Acquire Spice Maker Sunrise Foods

ITC-Sunrise Foods Deal: ITC has entered into a share purchase agreement to acquire a 100 per cent equity in Sunrise Foods Private Limited.

Lenovo helps schools shift to remote teaching for free

To support the education sector in rapidly shifting to digital ways of teaching and learning, global tech and innovation leader Lenovo, in collaboration with Microsoft, is sponsoring two presentations in the ongoing EduTech Live Webinar series.

Natural Gas Price: Futures point to further correction

In light of advanced figures from CME Group for Natural Gas futures markets, open interest extended the choppy activity and shrunk by almost 1.3K cont

Crude Oil Futures: Upside seen limited

CME Group’s flash data for crude oil futures markets noted open interest extended the downtrend on Friday by nearly 3.3K contracts while volume went d

Gold Futures: Correction lower on the cards

Open interest in gold futures markets shrunk for the second session in a row on Friday, this time by around 2.5K contracts according to preliminary fi

FX option expiries for May 25 NY cut

FX option expiries for May 25 NY cut at 10:00 Eastern Time, via DTCC, can be found below. - EUR/USD: EUR amounts 1.0795 628m 1.0895 559m - USD/JPY: US

USD/INR Price News: Indian rupee bears cheer break of monthly support line, 76.25 in focus

While extending its break of the monthly resistance line, now support, USD/INR stays positive around 76.03 amid the initial Indian session on Monday.

Big Short in U.S. Stocks Needs Watching, Says One Market Veteran

A large bearish position in U.S. equities that’s been amassed by trend-following funds may prove vital to the next move for stocks, according to a strategist who’s been analyzing markets since the early 1990s.

Westpac's lagging view of credit risk 'challenging'

Controversial review of Westpac systems found its inability to generate timely and granular commercial property risk data a particular problem.

Western Area grabs big stake in rival nickel miner

There's a fresh twist in the saga over the future of Zeta Resources, Andrew Forrest-backed nickel miner Panoramic Resources.

Numbers on Rent Supplement payment up 20% since beginning of Covid-19 pandemic

Housing groups have warned that Ireland could see a rise in evictions as a result of the crisis.

Covid-19 pandemic open doors for 4-day workweek

After quashing coronavairus outbreak in less than 50 days, Ardern floated the idea of having a four-day workweek which has been implemented in some countries.There are different models for the shortened week, some of which envision the same output condensed into fewer hours

SEMI billings up 17.2% y-o-y

SEMI’s April billings for North America-based manufacturers of semiconductor equipment were $2.26 billion which is 2.2% up on the March figure of $2.21 billion.

Ajit Andhare live on Instagram @thehinduweekend

Ajit Andhare, the Chief Operating Officer at Viacom18 Studios, talks about the future of the film industry today at 5 pm on @thehinduweekend Instagram

Maruti Suzuki Resumes Production At Gujarat Plant Amid Covid-19 Coronavirus

Maruti Suzuki, the country’s largest vehicle maker, has restarted production at its Gujarat plant as the country is the midst … Maruti Suzuki Resumes Production At Gujarat Plant Amid Covid-19 Coronavirus Read More »

Gold imports fall by almost 100% in April | Bullion News

Share: Updated: May 25, 2020, 10:28 AM IST Follow:Source link

Indian Fintech Zaggle Teams Up With Visa to Develop Payments Solutions for Local Startups and SMEs

Indian Fintech firm Zaggle has teamed up with Visa in order to support various payments solutions for SMEs. Both companies will work cooperatively to develop

Sanity, at last, in government’s lockdown plan

Compare the draft regulations leaked over the weekend to the original “framework for sectors” published for comment and it's clear that these are level 3 in name only; we’ve all but skipped right to level 2.

KB named best financial company in 2019: survey

KB Kookmin Bank was named the best financial company last year in the overall corporate assessment, a survey showed Monday.  According to local corporate tracker CEO Score, the South Korea lender topped the list of the country’s top 108 financial companies with assets over 2 trillion won in six categories -- financial group, commercial bank, insurer, brokerage house, credit card company and savings bank. ...

Tax hit from Covid-19, O’Flynn’s solutions to housing crisis, and new homes for D8

Business Today: the best news, analysis and comment from The Irish Times business desk

Silly Billy: What the Ikea bookcase tells us about the true cost of fast furniture

A Billy is made every three seconds. But the cheap-furniture boom has an ecological price

Policy Watch: What Aatma Nirbhar Bharat could learn from the USDA

Boss of Britain’s biggest recruiter James Reed warns of job losses ‘tsunami’ on ‘day of reckoning’ when furlough ends

The owner of Reed has warned job losses could sweep across the country once the government's furlough scheme ends at the ends of October. More than 6m people have signed up to the scheme.

New face of banking: Millennials prefer robot bankers to humans

Nordea's robot adviser, Nora, played a crucial role in helping the bank through COVID-19

Hungary's 2021 budget to contain nearly $9.3 bln anti-pandemic fund

BUDAPEST — Hungary’s 2021 budget will contain a nearly 3 trillion forint ($9.34 billion) anti-pandemic fund, Finance Minister Mihaly Varga said in a video posted on Facebook on Monday, adding that he would submit the budget to parliament on Tuesday.

Renault could disappear without a bail out – report

The French brand's 122-year history could be at stake according to a key decision maker.

Receivers appointed to Mayfair 101 companies, with more than $85m investor funds at risk

Move on owner of Dunk Island comes after company failed to make $3m in loan repayments to IPO Wealth Fund

Glenmuir High doubles efforts to help COVID-19 affected families

GLENMUIR HIGH School in Clarendon has merged efforts with donors, locally and overseas, to assist some families affected by the novel coronavirus. The disease has infected over five million people worldwide, caused over 300,000 deaths, and has had...

Watch out Amazon, Flipkart: Reliance's JioMart launches online grocery service across India

We need a new approach to UK resilience -- leading Cranfield academics

Leading academics from across Cranfield University are calling for a new approach to UK resilience. Writing in today's Financial Times, the academics believe that as well as lessons learnt from the response to COVID-19 there is a much wider lesson to be learnt about how the UK identifies, prepares and responds to threats and risks, such as to our safety, our national security and from climate change.

Why are we still failing to stop deforestation?

While national and international efforts to reverse the trend of deforestation have multiplied in recent years, there is still no clear evidence to suggest that these initiatives are actually working. A new paper published in One Earth, calls for a radically different approach that focuses on our understanding of how individuals make their choices about forests and livelihoods.

Developer O’Flynn calls for task force to deal with housing crisis

Michael O’Flynn also wants help-to-buy scheme extended to 2025

Belt and Road Initiative affected by COVID-19, but impact is 'temporary': China

Chinese Foreign Minister Wang Yi said that the demand for public health expansion in view of the COVID-19 all over the world will give a new impetus to project expansion.

[Newsmaker] Recycling centers face desperate battle to survive

The global coronavirus pandemic is threatening the future of plastic recycling in South Korea, as major recycling centers are incurring mounting losses amid a collapse in global demand. Many are being forced to cut costs, work hours and head counts just to stay afloat, but a quick turnaround appears unlikely, industry insiders and government officials said. “(Local) recycling centers are largely dependent o...

How investment in nature can help the North's economy recover after lockdown

Natural assets are one of the North's greatest strengths, says IPPR North

One wound-up Franklin scheme ‘erroneously’ sold ICICI debt

The fund house said it has compensated the scheme for the erroneous trade.

Global engines fire up again, Europe makes steady start

Europe, despite reeling under the pandemic, is steadily opening up.

Why House of Representatives resolved to probe Chinese loans 

A Peep into the mindset of House of Representatives’ member, Hon. Ben Rollands Igbakpa offers an insight as to why the lower legislative chamber resolved

Rwanda becomes first African country to unfold new Paris agreement climate plan

Despite being one of the poorest countries in the world, and contributing hardly anything to the current climate crisis, Rwanda has become one of the first countries to submit a new national climate plan, which will strengthen global efforts to tackle climate change ahead of the 16th Conference of Parties (COP26).

How coronavirus impacts buyers in real estate market

Notwithstanding the positive outlook for the Nigerian property market in 2020, the COVID-19 pandemic has impacted negatively on the market, leaving property investments in disarray.

Makinde, others laud facility managers’ role in COVID-19 crisis

The Oyo State Governor Seyi Makinde has lauded facility managers for their contributions to health, safety and productivity of people during ongoing CoVID-19 crisis. Makinde noted that as with governance, people hardly commend facilities managers when things are going right, but immediately the ‘ball drops’, everyone remembers their roles. The Governor stated this during the […]

Retirees petition CBN over agreement breaches, seek pensions review

CBN pensioners have petitioned the CBN Governor, Emefiele, over what they described as breaches of agreements for upward review of pensions

Elumelu to lead Senegal, Liberia presidents, others at UBA Africa Day forum

Senegal President Macky Sall, Liberia President George Weah and United States Senator Chris Coons will be part of a High-Level Leadership Panel....

Need to convert development into mass movement: NITI Aayog's Rajiv Kumar

There is a need to convert development into mass movement, and India should aspire to become second or third largest economy in the world by 2047, Niti Aayog Vice Chairman Rajiv Kumar said on Sunday.

Cirque du Soleil founder wants to buy back high-profile but debt-laden show

Guy Laliberte stated his intention during a radio show, but it will not be a cakewalk

China's 'hermit' investors fill doubled oil storage with crude bet

SINGAPORE/SHANGHAI — Chinese financial investors betting on a rebound in oil prices are filling commercial storage tanks held by the Shanghai futures exchange just as fast as the exchange can find them.

COVID-19 presents opportunity to boost African economies, says Elumelu

The Chairman, United Bank for Africa (UBA) Plc, Tony Elumelu, has stated that the coronavirus pandemic  presents an opportunity to reset the....

CBN sets 2022 deadline for MfBs’ N200m recapitalisation

Central Bank of Nigeria (CBN)  has set April 2022 deadline for tier-1 Microfinance  Banks (MfBs) to achieve N200 million minimum capital base....

Minister of Housing Says Tunisia Planning to Salvage Jobs

Tunisia’s Minister of Equipment, Housing and Spatial Planning Moncef Sliti has revealed that more than 4,000 construction and rehabilitation projects have been paralyzed by the coronavirus pandemic. In remarks to Asharq Al-Awsat, Sliti said that the

Farming column: Welcome dairy support for farmers

We have welcomed the Westminster and Welsh Governments' announcements to help support dairy farmers overcome the impact of the coronavirus outbreak.

Telford firm boosts PPE supply with 3D printing

A manufacturing service provider has produced hundreds of face shields for distribution into the NHS.

Firms invited to virtually network

Shrewsbury Business Chamber is inviting its members, supporters and also guests from other businesses in the community to join it for a virtual networking event.

'Time is right' to reopen Newport railway line as work continues on innovation park

Work is continuing on the high-tech Newport Innovation Park under the lockdown.

Virus vaccine maker's bubble bursts after stock crashes

The bubble continued to burst in shares of CanSino Biologics Inc., which fell a record 28% Monday even after positive early data on its COVID-19 vaccine candidate.

Tim Wilson wants fresh inquiry into Hostplus conflicts

The federal MP has asked regulators to investigate 'vertical integration' in the industry superannuation sector.

Bloodied Mayfair tries recruiting investors against ASIC

The upstart investment outfit, which owns Dunk Island, also claims the appointment of receivers to one entity is "premature and imprudent".

Regal, Tribeca-backed Trident Resources mulls spearing the ASX

There could be a new type of mining exposure heading Down Under before too long. 

Woodside, Cheung Kong pitch for green hydrogen funds

Hydrogen production ventures seeking government funding are expected to cost easily more than double the stretch target of $2 a kilogram in the federal government's technology road map.

'Could have planned better': Ex-RBI Governor C Rangarajan rues migrant crisis due to lockdown

He feels provision for some kind of cash dispensation is necessary, saying the government could cut some other expenditures, perhaps towards administration or travel

UAE's restaurants, cafes launch direct-to-customer campaign, drop delivery charges

More than 40 operators sign up for campaign that will run all through June

Bushfire-hit areas in Australia showing signs of recovery

The bushfire crisis had a devastating impact on Australia's unique flora and fauna

Fitch downgrades JSW Steel, Tata Steel to BB- from BB; outlook negative

The Indian Steel Association has forecast an 8 per cent drop in domestic demand in FY21

Crisis-hit IL&FS plans to divest its 26% stake in OTPC, invites bidding

In terms of eligibility for bidding, corporate bodies should have a minimum net worth of Rs 150 crore as per the audited balance sheet as of March 31, 2019 or later

Nissan, Renault to disclose plan to slash production due to Covid shutdowns

The moves are set to undo the growth strategy pushed earlier by Carlos Ghosn, former leader of both companies, to sell around 14 million cars by 2022

Club Travel Corporate appoints Kananelo Makhetha and Nazeema Beilings as directors

CAPE TOWN – Club Travel Corporate, a division of the Thebe Tourism Group and Travelstart Group of companies, announce the appointment of Kananelo Makhetha and Nazeema Beilings as company directors. Brett Hendricks, General Manager of Thebe Tourism Group said, “Bringing Kananelo and Nazeema onto the board is testament to the value they have brought to the business since joining it. Their strengths, skill set and strong values will contribute to the growth and success of the business going forward and I

After Amitabh Bachchan’s Gulabo Sitabo, more films set to see OTT releases

With the theatres unlikely to be open at least for a few more months and losses piling up, producers are increasingly exploring streaming platforms to release their films.

Coronavirus impact: Time for employers to up skill employees

For the quantum growth of the economy, investments in education and skilling of informal workers are key, especially because a huge share of population has very little skills

Nation Media Issues Profit Warning As Covid-19 Effects Eat Into Revenues

The Nation Media Group (NMG) on Friday issued a profit warning to its investors, citing reduced revenues due to the effects of Covid-19 pandemic.In a statement to shareholders, NMG chairman Wilfre

Some 9,000 tenants can't afford their rent: report

To date around 9 thousand Netherlands residents reported to their housing corporations that they cannot afford to pay their rent. The housing corporations expect that number to increase in the coming

iSignthis to End Contract with Visa, Criticises Proposed Rule Changes

iSignthis (ASX: ISX) said that it will be ending its contractual relationship with Visa as a principal member in approximately 90 days.

Mercedes-AMG boss to head up Aston Martin as Palmer is axed – report

A fresh report out of Europe claims Aston Martin CEO Andy Palmer will be replaced by Mercedes-AMG boss Tobias Moers in a management shake-up.

‘Digital India’ Provides Hope For Poor And Developing Nations: Commonwealth S-G

"India is developing these things at scale and at a cost which looks accessible to so many. That brings hope."

Moon calls for bold fiscal strategy in light of COVID-19

Addressing the officials responsible for drawing up the national fiscal strategy, President Moon Jae-in on Monday called for bold support measures, saying the state must spearhead efforts to soften the impact of the COVID-19 pandemic. Speaking at the National Fiscal Strategy Meeting, Moon also downplayed concerns that his administration’s fiscal policies could threaten the country’s fiscal stability, sa...

Savings banks’ Q1 net profit up 20% on increased interest income

South Korean savings banks reported a 19.4 percent rise in their combined net profit in the first quarter due to increased interest income, data showed Monday. The combined net income of the 79 savings banks stood at 246.3 billion won ($199 million) for the January-March quarter, compared with a profit of 206.3 billion won a year earlier, according to the data from the Financial Supervisory Service (FSS). Their int...

NH-Amundi names new CMO

Seoul-based NH-Amundi Asset Management on Monday named Kim Seung-ho as its new chief marketing officer. Kim was formerly headed the fund management unit at NongHyup Bank. He will serve a one-year term. He will replace Moon Young-sik, whose term ended in April. NH-Amundi Asset Management is a 70:30 joint venture of NongHyup Financial Group and France-based Amundi Asset Management. NongHyup Bank is a wholly owned...

Bitcoin is on an Exponential Growth Trajectory, and the Pizza Day Proves It

The story of Laszlo Hanyecz, the programmer who bought two pizzas using 10,000 Bitcoin, will be forever talked about. Not least because at $9k per BTC that equa

Landlords worry about COVID-19 impact on commercial properties

Maureen Ihua-Maduenyi Commercial landlords are increasingly concerned about the economic impact of the coronavirus pandemic on their tenants and property portfolio, a new report has said. The rep...

Premier digs in on rent as UK restrictions bite

The 139 Smiggle stores in Britain and Ireland remain shut because of government restrictions, and Premier is also applying its rent ban.

ACTU lays out demands for Virgin bidders

With binding bids for Virgin due to administrator Deloitte on June 12, ACTU president Michele O'Neil says the union bloc will not budge on worker entitlements.

Why Target ended up a $3.6b black hole

It's a constant in Australian retail that Target and Kmart didn't fire at the same time, even before the arrival of fast fashion retailers and online shopping.

JobKeeper fuels 'major hunger' for new sneakers

Young Australians flush with JobKeeper cash are leading a boom in discretionary online spending, retailers say.

Bond University on track for JobKeeper

Bond University is on track to be the only university in Australia to get access to JobKeeper after a rule change.

China's currency gamble adds fuel to fire

The People's Bank of China 'fixed' the yuan at its lowest point since 2008, a move likely to further strain relations with Washington over trade, technology and Hong Kong's autonomy.

Investors are underestimating Beijing's response to the pandemic

Beijing has little choice but to support the Chinese economy, even if it is reluctant to go as far as it did during the financial crisis.

US Dollar Index pushes higher and approaches 100.00

The greenback, in terms of the US Dollar Index (DXY), is extending the march north to the vicinity of the key barrier at 100.00 the figure on Monday.

Copper: The pace of long positions to slow down – TDS

Copper continued to benefit from surging risk appetite as speculators once again added to their long positions, strategists at TD Securities report. C

China: Fiscal stimulus to add 3.2ppt to GDP growth in 2020 – Standard Chartered

Economists at Standard Chartered Bank quantify the impact of the Chinese fiscal stimulus as the 2020 budget amounts to a fiscal stimulus of 5.2% of GD

EUR/USD: Time to buy a ticket for the 1.20 level – Nordea

It is probably too optimistic to expect both common EU debt and a widespread regulatory roll back, but it may be worthwhile buying a EUR lottery ticke

GBP/USD: No reasons for sterling to spring back up

While Brits are enjoying their spring bank holiday – albeit under lockdown restrictions – sterling may continue suffering, according to FXStreet’s ana

EUR/USD: The global outlook points to be positive for the euro – Danske Bank

While EUR/USD briefly went above 1.10 last week, the cross ended lower on the potential for a renewed US-China skirmish and EU hashing out its interna

GBP/USD: All signs are bearish for the pound

GBP/USD Monday's four-hour chart is pointing to losses for the cable, Yohay Elam, an analyst at FXStreet, reports. Commerzbank agrees with this view,

NZD/USD: Liquidity cheers the kiwi up – ANZ

NZD/USD ended last week just above 0.61, having started on Monday at 0.5925 and climbing above 0.6150 at one point. Now, the kiwi is consolidating aro

‘Save community from sea incursion’ - The Nation Nigeria

The Nigeria Erosion and Watershed Management Project (NEWMAP), backed by the World Bank and the Ondo State Government have begun work...

Coca Cola considers building Indonesian recycling plant, slashing 25,000 tons of plastic

(The Jakarta Post/ANN)---Soft drinks manufacturer Coca Cola Amatil Indonesia (Amatil) is looking into developing a plastic bottle recycling facility in one of the world’s top plastic polluting countries. The company said on Friday it had signed a deal with plastic packaging maker Dynapack Asia to conduct a feasibility study on developing the facility. The soft drinks maker also said it aimed to cut consumption of new plastic resin by up to 25,000 tons a year by 2022 by using recycled plastic.

Thailand plans fruit festival in eight Chinese cities

(Nation/ANN)----A Thailand Fruit Golden Months Festival will be organised in eight cities in China as local governments have started easing lockdown measures. Department of International Trade Promotion director-general Somdet Susomboon said on Saturday (May 23) that the festival will promote Thai fruits. “The campaign aims to increase the export of durian, mangosteen, longan, coconut, mango, rose apple, pomelo and banana,” he said. “China will host the festival from May to July in Shanghai, Qingdao, Nanning, Chengdu, Chongqing, Xian, Xiamen and Kunming.

Korean firms brace to bounce back from pandemic

(Korea Herald/ANN)---Major South Korean companies have resumed operations at their overseas plants and are speeding up business normalization since suffering disruptions from the COVID-19 pandemic. This month, the nation’s two tech giants, Samsung Electronics and LG Electronics, restarted their production plants in India, which had been shut down due to the host government’s strict containment measures. Now, they have restarted work at more than 90 percent of the global production bases they had shut down.

$49b loans of COVID-19 affected borrowers get preferential rates

(The Vietnam News/ANN)----Banks cut interest rates for loans worth more than VND1.12 quadrillion (US$49 billion) of nearly 322,190 borrowers affected by the COVID-19 pandemic as of May 11, a State Bank of Viet Nam (SBV) report showed. The banks also extended debt payment deadlines for another 215,136 borrowers with total loans of nearly VND137.94 trillion. New outstanding loans totalling nearly VND600 trillion with interest rate reductions of 0.5-2.5 percentage points per year were also offered to nearly 190,000 borrowers.

Fee-waivers, IELTS relaxation: What are foreign universities offering to enroll international students

From fee-waivers to online courses, from virtual tours to provisional admissions and the option to join on-campus at any time, foreign universities are luring Indian students who make the second-highest influx of international exchange. But is it a wise option to study abroad this session?

Survey shows majority of youths agree Covid-19 stimulus package can boost economy

KUALA LUMPUR, May 25 — The majority of youths feel the Economic Stimulus Package will counter the impact of the Covid-19 pandemic and boost the national economy. A survey conducted by the Institute for Youth Research Malaysia (IYRES) from April 14 to 24 found that 97. 2 per cent of the 2,928...

A longer JobKeeper will keep people in fake jobs

Extending JobKeeper for businesses that can't stand on their own two feet by September, will stop the shift of people out of dead-end illusory jobs that are sadly never returning.

IOOF class action dropped but legal woes remain

IOOF has reached a settlement to end the Supreme Court case commenced by Quinn Emanuel on behalf of IOOF shareholders but separate proceedings initiated by Shine Lawyers are ramping up.

Labor senator calls for ASIC investigation into Rex

Tony Sheldon says the company's "failure to inform the ASX ... flies in the face of Australian corporate standards".

Central Equity, Failli family selling $200m of greenfield sites

The two sites being offered by Central Equity and the Failli family have the potential to generate around $1 billion of housing lot sales.

ASX climbs 2.2pc to 11-week high, buoyed by travel stocks

The Australian sharemarket closed at an 11-week high as shares extended their rebound from the March rout as the economy edges back to normal. 

Qatar pushing ahead with LNG expansion despite demand slump

The move should help the small Gulf state regain the title of the world’s top LNG producer from Australia at a time when other projects have been thrown into doubt by the pandemic.

Rich list accounts still free from public scrutiny

More than 1100 companies — including those controlled by some of the most influential families and rich listers — remain exempt from lodging accounts with the regulator, 25 years after the temporary exemption was granted.

Cash for new homes the key to saving jobs, says industry

On the HIA's analysis, the equivalent of as many as 100,000 jobs are already at risk in the property sector.

Stop escalating oil prices -- lawmakers

The three said that aside from urgently repealing the TRAIN law, oil prices can be lowered further in the long term by enacting three  legislative measures that will free the country from the stranglehold of the oil cartel.

When is the German IFO survey and how it could affect EUR/USD?

The German IFO survey for May is due for release later today at 0800 GMT. The headline IFO Business Climate Index is seen firmer at 78.3 versus 74.3 p

GBP/USD: Directly offered below the 55-day ma at 1.2297 – Commerzbank

GBP/USD’s bounce last week failed to make any impression on the 55-day ma and will remain directly offered while capped by it at 1.2297, Axel Rudolph,

Australia’s Treasurer Frydenberg: Wil not make wholesale changes to wage subsidies

In an interview with local broadcaster Seven Network on Monday, Australia’s Treasurer Josh Frydenberg said that the government has no plans to make “w

USD/CAD: Investors don't abandon the US Dollar and send the loonie back to pre-pandemic levels

For the fourth time in eight weeks the USD/CAD reached the support band of its two month range at 1.3850-1.3880 and failed to make more than a cursory

French FinMin Le Maire: State aid to tackle coronavirus has cost the state 20% of GDP

State aid to tackle coronavirus since mid-March has cost French state EUR450 bln or 20% of GDP, said the country’s Finance Minister Bruno Le Maire on

Japan said to start giving out travel vouchers from end-July – Jiji

The Japanese media outlet, Jiji Press, reported on Monday, Japan’s government is considering starting to give out travel vouchers from end-July. Trave

Groupe Arnault Takes Stake in Lagardère

The media company, focused on books and travel retail, had been fending off an activist investor.

Commentary: The biggest restructuring exercise facing Singapore businesses has just begun

From F&B to retail and fitness, winning Singapore businesses know they must shift gears and rethink their business models to thrive in a pandemic ...

'We have to ration our meals': Malaysians share their struggles after COVID-19 left them jobless

CNA spoke to five Malaysians who were left unemployed because of the COVID-19 pandemic. It has been a daunting experience having no income to make ...

Goodbye office: Is the future of work in our homes?

SINGAPORE: Wanting to create a parent-friendly workplace, Ms Joerin Yao, managing director of human resource consultancy Enable Group, has been ...

Rich, but household debt is growing: A time bomb for South Korea?

South Korean households are piling up debt for various reasons, from overspending on credit cards to unemployment to gambling losses. The ...

PH to benefit from US-China trade tension

He said this situation explains why the country is among the least affected economy to the ongoing trade tension between the world’s largest economies and “supports IMF’s (International Monetary Fund) view that the country’s low participation in global trade as well as in global value chains relative-to-peers seems to explain why the Philippines has not been negatively impacted by the US-China trade war”.

Diokno nixes cut in banks' RRR for now

Bangko Sentral Gov. Benjamin Diokno discounted the need for another cut in banks’ reserve requirement ratio anytime soon since domestic liquidity remains ample but hinted for more policy rate reduction.

QC completes SAP distribution ahead of 4 Metro Manila cities

AHEAD of four other Metro Manila cities, the Quezon City government has reported complete the Department of Social Welfare and Development (DSWD) Special Amelioration Program (SAP) distribution as of May 20.

Macro Afternoon

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