Bellagio, MGM Grand, Caesars Resorts to Reopen in Las Vegas on June 4

Multiple casino-resorts plan to open their doors amid COVID-19 world restrictions and new safety protocols.

Economy contracted by 1.7 per cent in March quarter - PIOJ

Jamaica’s real Gross Domestic Product (GDP) contracted by an estimated 1.7 per cent during January to March 2020, ending 20 consecutive quarters of no economic contraction. Director General of the Planning Institute of Jamaica (PIOJ) Dr Wayne...

How co-working spaces can restart post Covid-19 lockdown

Many co-working spaces are already framing drastic measures to restart their business post lockdown, ensuring the safety of members and hygiene of premises at the highest level.

Newsom: California gyms could get reopening road map soon

Newsom said the state is prepared to release guidance in the "very, very near future" as California continues to incrementally restart its economy.

Gretchen Whitmer’s Construction Ban Had Devastating Impact on Michigan Jobs

Gov. Gretchen Whitmer’s decision to ban most residential construction contributed to Michigan's second highest in the nation unemployment rate.

Why is migrant exodus giving Punjab industry the jitters?

According to rough industry estimates, 80 per cent of Punjab's industry is dependent on migrant workforce. This trend of employing workers, mainly from UP and Bihar, started in way back 70s

UGC drops online content fee proposal

Under the scheme, universities were to be asked to pay to Centre’s e-content platform 15% of their collections

Boeing Layoffs 2020: 9 Things for BA Stock Investors to Know

Boeing (BA) president and CEO Dave Calhoun announced on Wednesday that involuntary layoffs are starting at the airplane manufacturer.

U.S. economic activity fell sharply due to coronavirus disruptions, Fed says

Economic activity declined sharply across the United States over the past several weeks, according to a Federal Reserve report released on Wednesday, reflecting the disruptions caused by the coronavirus pandemic.

Why Avis and Hertz Stock Just Popped, but Latam Airlines Dropped

A bullish pronouncement from JPMorgan's CEO just helped double the share price of bankrupt Hertz.

Google Ads credits for SMBs start rolling out

The $340 million program will phase in over the coming weeks.

Amazon trucks could soon be self-driven: Ecommerce giant may buy robo-taxi startup Zoox, says WSJ

Zoox was founded in 2014 with a mission to build a “fleet of fully autonomous, battery electric, zero-emission vehicles

MSMEs set new world record for largest online business lesson

The attempt created a new world record for the largest online business lesson, involving 18,693 unique viewers for 30 minutes.

Migrant workers return to job market: Employment condition may soon revive as job hunt begins

A stable unemployment rate and a rising labour participation rate imply an increase in the employment rate.

Rowdy Chicago trading pits face risky reopen, extinction threat

Pete Kosanovich can’t wait to put his trading jacket back on and return to the noisy Chicago pit where he’s worked for 17 years. The burly former football player is known on the floor by the letters “MGLA” printed on his badge, a nickname referencing the 1960s cartoon “Magilla Gorilla.”

Biz EOD: NHAI offers COVID loan; SBI cuts FD rates; Maha tops MSME registrations

Catch top stories from the world of business and economy with BusinessToday.In's Biz EOD report

Gender diversity at PSUs still a distant dream; lags promoter firms and MNCs

In the 4,657 firms in NIFTY 500, 13 companies do not have any women directors. Of those, 12 are PSUs

PSG Group to offload 28.11% stake in Capitec to shareholders

Post-unbundling it will retain a 4.3% shareholding in the bank.

DFCU boss elected new UBA chair

The new leadership assumes responsibility at a time when the industry has registered significant improvements

Two Canadian Banks Set Aside C$4 billion for Coronavirus Credit Losses

Anticipated bankruptcies and defaults caused by the coronavirus pandemic will mean lenders have to record potential losses from their loan portfolios sooner

Kuwait’s crude oil rises $2.14 pb on Tuesday - KPC

Mubasher: The price of Kuwait’s crude oil reached $28.61 per barrel (pb) on Tuesday, 26 May, up by $ 2.14, compared to $26.47 pb last Friday, according to the official prices released by Kuwait Petroleum Corporation (KPC). The global oil market …

Brazil's largest city Sao Paulo to reopen malls for 15 days as of June 1

SAO PAULO (Reuters) - Malls and street shops will be allowed to reopen in Sao Paulo, Brazil’s largest city and the epicenter of its coronavirus outbreak, for 15 days as of June 1, according to a plan unveiled on Wednesday by Governor Joao Doria and Mayor Bruno Covas.

Ires defends 40% fee hike for its chairman

Remuneration committee increases Declan Moylan’s fees to €140,000 a year from February 2019

Housing and transport among issues left in 'horrendous' Government formation talks

Government formation talks between Fine Gael, Fianna Fáil, and the Green Party have been described as “horrendous” by one TD.

Blizzard cancels BlizzCon 2020, will consider an online variant next year

This news likely won't be coming entirely out of left field for some of our more avid readers. As we reported last month, Blizzard has expressed uncertainty about BlizzCon's viability in the current health climate. However, event organizers were hopeful…

Govt disburses $202 million for 5 million poor families via village funds program

In total, some 63,000 villages of the nearly 75,000 villages in Indonesia have received village funds.

Goldman Sachs president says bank on track to meet growth goals

By Elizabeth Dilts Marshall NEW YORK (Reuters) - Goldman Sachs Group Inc President and Chief Operating Officer John Waldron said Wednesday that the bank remains on track to achieve its medium and long term growth targets despite the economic shocks caused by the novel coronavirus. However, the economic shutdown has caused some negative impacts, and the bank will be slowing down hiring plans for its private wealth management division and delaying the launch of a digital wealth management product to next year, Waldron said. Waldron was speaking at a virtual conference to investors and analysts who are listening closely for indications on the financial health of the largest U.S

Aer Lingus cabin crew in Shannon to be temporarily laid off

Staff at Dublin and Cork airports face further pay and roster cuts.

Building an unbeatable business starts with the innovation stack | ZDNet

Jim McKelvey is the co-founder of Square and author of The Innovation Stack. McKelvey partnered with Jack Dorsey to build an invincible company. He shares valuable leadership and business lessons for entrepreneurs working on building completely new solutions.

Elbit Systems Firing On All Cylinders

The military defense industry is one of the essential industries during crises but Elbit's sentiment and fundamentals are strong offering a safe investment espe

Oil - It's A Terrible Time To Be A Refinery, But There Might Be Light At The End Of The Tunnel

Refining margins remain in the dumps as crude rally outpaces product prices. Global refining margins indicate if crude doesn't pullback soon, we could see throu

Weekly Closed-End Fund Roundup: 2 Upcoming Mergers (May 17, 2020)

1 out of 23 CEF sectors positive on price and 8 out of 23 sectors positive on NAV last week. A little bit of alpha available from MNE and SRF/SRV mergers. GER/G

Autohome Inc.: 3 Reasons Why Stock Price Could Increase By 30% In 12 Months

Weak macro conditions in China from November 2019 (when the first COVID-19 case was diagnosed) made sales of Autohome passenger vehicles to drop by 10% YoY. The

Govt Delivers Security For Construction Subcontractors

Subcontractors will have greater certainty, more cashflow support and job security with new changes to retention payments under the Construction Contracts Act says Minister for Building and Construction, Jenny Salesa.

Yet Another KiwiBuild Flop

The ongoing KiwiBuild disaster has dashed more hopes for would-be first-home buyers in Wellington, National’s Housing and Urban Development spokesperson Nicola Willis says.

‘Current economic downturn will be more severe than the Global Financial Crisis of 2008’ – Ong Ye Kung

‘Current economic downturn will be more severe than the Global Financial Crisis of 2008’ – Ong Ye Kung

Portugal 2020 paid 760 ME in advance between March and May

The Government paid, between March and May, 760 million Euros in advances to the beneficiaries of Portugal 2020, to which was added another 89 million Euros in repayments that companies did not have to make, was announced on 27 May.

SEZAD keeps project deadlines while ensuring COVID-19 safety

While taking all precautionary measures to combat coronavirus, the Special Economic Zone Authority at Duqm (SEZAD) has also implemented its plan to complete the infrastructure projects for the zone, particularly Duqm Port, according to Yahya bin Said Al Jabri, SEZAD Board Chairman.

Report: Local News Stations Run Segments Scripted and Produced by Amazon

According to a recent report, local news stations across the United States have run news segments scripted and produced by e-commerce giant Amazon. Unsurprisingly, the segments were overly positive about Jeff Bezos' company and its employment practices.

EU reactions to Commission 750 bln euro coronavirus recovery scheme

BRUSSELS (Reuters) - The European Commission proposed on Wednesday to borrow 750 billion euros on the market and issue grants and loans to EU countries to kick-start an economic recovery after the coronavirus pandemic. Below are initial reactions of EU governments to the plan

New Jersey businesses seek reopening plan as they worry about survival

The New Jersey Senate Fiscal Recovery Strategists Committee heard some sobering numbers on Tuesday from businesses shut down by the state to slow the spread of COVID-19.

Greek PM praises 'huge step' of European recovery bid

Greek Prime Minister Kyriakos Mitsotakis on Wednesday hailed a proposed EU coronavirus recovery package as a

WHO launches foundation to put finances in better health

The World Health Organization on Wednesday launched a new foundation for private donations, as US President Donald Trump threatens to pull the plug over its handling of the COVID-19 pandemic.

Chinese Embassy instructs businesses operating in Namibia not to retrench workers

-Chinese businesses operating in Namibia are under instructions not to retrench their local workers due to the impact of COVID-19.

Minister Shiimi announces increases to tax on alcohol, tobacco

-In line with the Southern African Customs Union (SACU) agreement, the Finance Minister also announced increases to tax on alcohol and tobacco, effective from 27 February 2020.

Fed's Bullard: US has seen worst of economic fallout from coronavirus crisis

"Could be well that the US has seen the worst of the economic fallout from the coronavirus crisis," St. Louis Federal Reserve President James Bullard

Gold picks up as market sentiment sours

XAU/USD has bounced up from two-week lows sub $1700 on Wednesday and is turning positive on the daily charts. The precious metal has reached $1712 are

I’ve not violated AfDB’s code of ethics – Adesina

The President of the African Development Bank, AfDB, Dr Akinwumi Adesina, has reiterated his confidence in the integrity of the Bank

FG urged to allow NPDC manage OML 42, probe current operator

Federal government has been urged to allow the Nigerian Petroleum Development Company , NPDC,  to manage the Oil Mining Lease , OML 42,

How Small Businesses Can Soften the Blow of Bankruptcy

Some dos and don’ts for those teetering on the brink

ANU cops $225 million financial hit due to coronavirus crisis

The Australian National University will look to find $100 million in savings this year.

Centre asks states, UTs to negotiate with private labs, bring down test price

Incidentally, 182 private labs in the country make up 29 per cent of the total testing infrastructure. There are 428 government laboratories where Covid testing is currently taking place.

Covid Impact: Over 4,400 jobs cut by 5 major Indian companies in 1 month

In total, five companies — Uber India and South Asia, Ola, Zomato, Swiggy and Cure.fit — have together announced the reduction of around 4,441 jobs in the last one month.

Lessons from coronavirus: Not all jobs are ‘bullshit’

But yours might be.

Apple to Reopen More Than 100 Stores in The US This Week

Apple will reopen more than 100 stores in the U.S. this week, as the tech giant looks to rebound from the body-blow its suffered due to the coronavirus

Top Stock Reports for Alphabet, Visa & Bank of America

Today's Research Daily features new research reports on 16 major stocks, including Alphabet (GOOGL), Visa (V) and Bank of America (BAC).

Cash payments declining as contactless methods become the norm - experts

COVID-19 has accelerated the shift away from cash.

Nifty view and stock picks by HDFC Securities: Buy JK Cement, Dixon Tech

The stock of JK Cement has given bullish "Flag" pattern breakout on the daily charts

Bihar, UP outperform most states, Maharashtra tops with 15.26 lakh MSME registrations

As per data compiled by the Ministry of Micro, Small and Medium Enterprises (MSMEs), Bihar ranked number 3 in MSME registration leaving behind the most populous state of Uttar Pradesh and the industrial states of Gujarat and Karnataka

Harland & Wolff joins forces with Navantia to form new defence challenger

HARLAND & Wolff has joined forces with Spanish shipyard and trusted NATO partner Navantia to form a unique shipbuilding collaboration which will bid for a range of contracts, including UK Ministry of Defence work.

Recruitment resumes at Kainos as Belfast IT firm reassesses the scale of new HQ

RECRUITMENT has resumed at IT services firm Kainos, its chief executive has said.

Shiv Sena MLA Pratap Sarnaik seeks ACB probe into MBMC’s inflated tender

Covid to accelerate rebound in small cars, rural market: Maruti

Even as it re-starts nearly 2,000 dealerships across the country, automobile giant Maruti Suzuki India will go into a high gear to tap the rural market.

800 export consignments stranded at Lagos ports

ABOUT 800 export consignments have been stranded for weeks at the various export terminals in Lagos ports. Though the cause of the developmen

South Dublin office investment sells for €1.35m

Private investor in line for 6.73% yield from purchase of fully let Sandyford property

[M. Somasekhar] Can S. Korea emerge a bigger trade partner for India post COVID-19?

Sleek cars, versatile mobiles and now COVID-19 testing kits. The image and recall of South Korea to the average Indian has been slowly increasing over the decades. Daewoo’s small car Matiz wooed the bulging, neo-rich middle class during the mid-1990’s as India opened up its economy through the landmark reforms under then Prime Minister P.V. Narasimha Rao. Then came Santro from Hyundai, a runaway success ...

Bitcoin Daily: Australia’s RMIT To Offer Grad Certificates In Blockchain Business, Cybersecurity

RMIT Online unveiled postgraduate programs in blockchain and cybersecurity, as predictions indicate Australia will need 18,000 more of these workers by 2026.

Sydney becomes “biggest tenants market in 20 years”

If you’re looking for a new rental property now could be the time to upgrade to that waterfront view, with prices across the city suffering from a ‘covid-crunch’. @RuthWW #9News pic.twitter.com/MQ7yM4Gu99

Surge of financial aid has HALO service ‘optimistic’ about short-term future

Air ambulance organizations in Alberta depend on donations, but charities are suffering after the novel coronavirus pandemic iced the global economy

It’s increasingly clear our tough road ahead has no end in sight

There’s no indication of when businesses will be able to reopen again, and it may be that we are entering the Dark Twenties

JPMorgan CEO: bank will again boost credit reserves in second quarter

JPMorgan Chase & Co Chief Executive Officer Jamie Dimon said on Tuesday that he expects the bank to take another significant credit reserve build ...

Live Coronavirus Updates: Fatality Rate Reduced To 2.87%, Lowest In World, Says Health Ministry

The Health Ministry said the COVID-19 fatality rate in India is 2.87 per cent, the lowest among countries badly hit by the pandemic.

USD/JPY extends losses around 107.50 amid fresh challenges to risks

USD/JPY prints 0.07% losses on a day, currently around 107.47, while stretching the previous day’s weakness forward during the initial Tokyo open on W

USD/IDR Price News: Indonesian rupiah struggles to justify break of monthly support line

Having benefited from the break of monthly resistance line the previous day, USD/IDR seesaws around 14,755 during Wednesday’s Asian session. Other tha

AUD/JPY: Bears getting set for potential major sell-off

AUD/JPY has extended the upside for a more mature shorting opportunity. This trade is now offering a discount for bears seeking to take advantage of t

Boeing’s India operations to be largest outside US

India Business News: American aerospace major Boeing expects to have the largest presence out of its home country in India — in terms of manpower deployment and component

TikTok revenue surged during the lockdown, setting new record in April

It's become apparent that TikTok is one of the fastest growing apps in the social media space, with China, India, and the US as its primary growth hotspots. According to a new report from SensorTower, the app and its Chinese…

China’s Meal Delivery Service Meituan Now Valued At $100B

Hong Kong's Meituan, a food delivery service, has hit a valuation of $100 billion, making it only the third Chinese firm to achieve that high of a value.

NordStar Capital to Acquire Torstar

NordStar has secured approval from Torstar's Board of Directors and the support of a significant majority of Torstar's Voting Trust and its larges...

'Brand New Zealand' needs to be more than an empty slogan

It makes sense to focus on our unique selling points as a country during the post-Covid rebuild. But we also have to live the values we market to the world, writes Jessica Desmond. Earlier this week 'future of food' expert Rosie Bosworth wrote that to turbo-boost our Covid recovery, New Zealand s

EnergyWare, LLC Extends Thanks to Its Customers

SUNRISE, Fla., May 26, 2020 /PRNewswire/ -- While the country is responding to the coronavirus pandemic, and close to 30 million Americans have fi...

Amazon in talks to buy driverless car start-up Zoox

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

ASX bath of blood drains into bank rip

The Australian dollar is pulling back a little from the overnight surge:

Business, unions decide reform is too hard

Big news: nothing will happen! At New Daily:

Australian construction work fell in Q1

The ABS has released data on the value of construction work done for the March quarter of 2020, which registered another 1.0% seasonally-adjusted decline in total construction activity over the quarter – the seventh consecutive quarterly decline – and a 6.5% decrease over the year:

Registration fee cut for flats costing less than ₹35 lakh

To provide a boost to affordable housing, the State government has decided to reduce registration fee from 5% to 2% for each housing flat that costs less than ₹20 lakh and from 5% to 3% for housing fl

Cognizant will ask 400 more executives to leave

India Business News: The churn at Cognizant will continue. Around 400 executives holding the title of directors, senior directors, associate vice-presidents (AVPs), VPs an

Silver Price Analysis: Bounces from $17.00, Wednesday's close pivotal

Silver is currently trading near $17.20 per ounce, representing a 0.65% gain on the day, having defended the psychological support of $17.00 during th

Google to gradually return to work as Apple reportedly plans to re-open more stores | ZDNet

'Googlers' will get $1,000 to make work from home life more accommodating.

Florida revenues fall by nearly $900 million amid pandemic

The state of Florida might have lost nearly $900 million in tax revenues in April, as the coronavirus pandemic siphoned away tourist dollars and other revenues from the state’s coffers.

Air apparent: Hungarian carrier Wizz targets Gatwick hub to take on Ryanair

Wizz Air is plotting a major expansion at London Gatwick as rival carriers pull back, paving the way for the Hungarian low-cost carrier to emerge from the travel downturn with a bigger presence in the world's busiest city for passenger traffic.

Active Managers Continue To Flounder

Hot money managers underperform their benchmarks once they are identified. Actively managed funds liquidate or change style with high frequency. Recent data rei

Warren Buffett June Update: 46 Equities Show 10 To Buy And Hold Now

This Buffett list from Dogs of The Dow first appeared 5/20/20 online. YCharts also tracks this Buffett/Berkshire Batch. Here is your update as of 5/22/20. 30 of

Covid-19 package — World and India

Thomas Carlyle called economics “a dismal science”. Multiple opinion production by dismal economic scientists continued into the 21st century.

Gold Price Analysis: Bounce from sub-4H 200-SMA has stalled

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

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

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

Gold Price News and Forecast: XAU/USD bears pause around two-week low above $1,700

Gold consolidates losses near the lowest since May 13 while taking rounds to $1,711/12 amid the early Asian session on Wednesday. The bullion dropped

WTI Price Analysis: Seesaws around $34.00, near to break immediate triangle

While flashing yet another move inside a short-term symmetrical triangle, WTI drops to $34.07, down 0.60% on a day, during Wednesday’s Asian session.

India’s weekly unemployment rate continues to be over 24%: CMIE

As on May 25, India’s average unemployment stood at 24.5 per cent, where urban unemployment was at 26.3 per cent and rural at 23.7 per cent.

Decision on permissions to film shootings soon: Talasani Srinivas

Minister Talasani Srinivas said the State govt was willing to give permission for film shootings but only after considering all the challenges involved.

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

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

New Mexico studies single-payer care amid pandemic

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

Why Trump must suspend temporary worker programs

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

University of California invested $68M in Hawaii telescope

The University of California system has invested more than $68 million in the Thirty Meter Telescope project in Hawaii, a report said.

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

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

Ministry boosts Khomas agriculture

THE Ministry of Agriculture, Water and Forestry has donated breeding stock to vulnerable communities in Khomas to generate income and ensure food security.

Tether Becomes The 3rd Biggest Cryptocurrency by Market Cap Leaving Ripple Behind

The dollar pegged digital currency, Tehter, is now the 3rd biggest digital currency after Bitcoin and Ethereum. Ripple slides to the fourth spot in the row giving its way to USDT. This is a clear indication to the milestone in this spring 2020 where some dollar token used to buy…

Grants diversified for community and creative groups during lockdown

News from WCC Community and creative groups have had to adapt and diversify during Covid-19, which was reflected in the applications for funding approved by Wellington City Council this week.

City Council told its estimates for strengthening the Library are ‘ludicrous … not acceptable’

Wellington.Scoop Wellington structural engineer Adam Thornton today challenged the estimates from the Wellington City Council for strengthening the Central Library. He said the strengthening costs were not acceptable and the work could be done for much less.

Retail stores allowed to reopen in city of Los Angeles, Garcetti says

Small retail stores in the city of Los Angeles will be allowed to reopen starting Wednesday, Mayor Eric Garcetti announced.

John Crown: Only true funding reform can fix hospital problems

Taking over private hospitals ensures the type of equality the Lusitania achieved with the Titanic

KU Athletics imposing new pay cuts, furloughs to cut costs

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

Vaccine market beckons

At a time when vaccine alone offers hope to end the coronavirus pandemic, India is caught in a paradoxical situation. Despite

New warehousing facility to come up at Kothur near Hyderabad

Embassy Industrial Parks, a joint venture between the Embassy Group and Warburg Pincus that is into logistics and warehousing, is in advanced stages of acquiring land near Kothur to develop a warehousing facility, according to a top official.

GHMC collects Rs 331 cr property tax so far

Despite the State government extending a five per cent rebate on property tax to all structures, including commercial buildings

French Tennis Federation to help lowly ranked players financially

The French Tennis Federation (FTF) will shortly launch a relief fund totaling 35 million Euros next week, with a million Euros

Teaching people to fish

What’s in a number? For some, it means a lot. For others, it reveals nothing. The reality, however, lies somewhere in between.

Twitter CEO donates another $10mn towards Covid-19 efforts

Twitter and Square CEO Jack Dorsey has donated $10 million to Project 100 which will give $1,000 in cash to 10,000 families

Seoul stocks open slightly lower on escalating US-China tensions

South Korean stocks opened lower Wednesday on souring Sino-American relations, bucking overnight gains on Wall Street amid hopes of economic reopening. The benchmark Korea Composite Stock Price Index (KOSPI) fell 6.49 points, or 0.32 percent, to 2,023.29 in the first 15 minutes of trading. The weak start came after a news report suggested the US Treasury Department could freeze assets of Chinese officials and busin...

Coronavirus dents major business sectors' Q1 output

More than half of South Korea's 29 major business sectors suffered setbacks in output in the first quarter due to the new coronavirus outbreak, boding ill for their second-quarter earnings, a market tracker said Wednesday. CEO Score said aviation, smartphone, display and 14 other industrial sectors saw their production shrink in the January-March period from a year earlier. The aviation sector was hit hardest with ...

Torstar to be sold, taken private in $52 million deal

Torstar Corp. says it has agreed to be sold to NordStar Capital for $52 million.

South Korean institutions lure global talent

The country is making headway in the effort to internationalize its scientific workforce.

A new deal for South Korea’s science?

The global innovation leader confronts new research challenges.

Singapore Fortitude Budget: S$2b to create 100,000 jobs, traineeship, training opportunities

SINGAPORE, May 27 — The Singapore government will set aside about S$2 billion (RM6.12 billion) to create nearly 100,000 jobs, traineeships and training opportunities, as part of the Fortitude Budget announced by Deputy Prime Minister Heng Swee Keat yesterday. These will come under an SGUnited...

NZD/USD remains on hunt for break above 0.62 after China Industrial Profits data

NZD/USD is eyeing a clear break above the psychological hurdle of 0.62, having found bids near 0.6179 in early Asia and violated the resistance of the

PBOC sets Yuan reference rate at 7.1092

The People's Bank of China (PBOC) has set the Yuan reference rate at 7.1092 versus Tuesday's fix at 7.1293.

EANS-News: European Lithium Limited / Secures Strategic Engagement Agreement with Talaxis

Company Information

EANS-News: European Lithium Limited / Conversion of Debt

Company Information

EANS-News: European Lithium Limited / Suspension from Official Quotation

Company Information

The book you need if you want to understand China right now

As China-US relations deteriorate, a new book argues Washington and its allies should engage with Beijing instead of provoking it.

Japara flags major impairment,says conditions are tough

The aged care provider says so far it has no cases of COVID-19 with residents, but one staff member in a home contracted the virus. It has suspended its brownfield and greenfield development programs given the difficult outlook.

NZ facing worst downturn in 160 years: central bank

If tough restrictions are re-imposed unemployment could rise to 18 per cent and banks would need to raise capital, the Reserve Bank of New Zealand warns.

Spark chairman takes aim at govt intervention

Endless reviews, regulatory changes and government interventions into the energy space risk derailing Spark's track record of long-term stable returns, chairman Doug McTaggart told shareholders.

Petrol sold above N130 in 17 states, says NBS

’Femi Asu Despite the reduction in the price of petrol to N125 per litre, the product was sold above N130 per litre in 17 states in April, according to the National Bureau of Statistics. Followin...

New York governor floats infrastructure projects to reboot economy

NEW YORK, May 27 — New York Governor Andrew Cuomo yesterday floated a number of major infrastructure projects to reboot the US economy post-pandemic, saying he would raise the issue at a meeting today with President Donald Trump. “Let's do something creative, let's do it fast. Let's put...

S. Korean duty-free operators grapple with pandemic-caused biz slump

South Korean duty-free shops are struggling to cope with an industry-wide slump as flight suspensions and a subsequent fall in the number of customers have severely dented their sales amid the new coronavirus pandemic. With no imminent signs of business turnaround, duty-free operators have called for support measures from the government, including an additional cut in airport rental fee. Duty-free stores saw their ...

The Sector Back From the Grave

While the S&P has been soaring, there's one sector (other than tech) that's crushing it ... and you probably haven't been paying it any attention.

Virgin bidder Cyrus plans to keep airline as full-service Qantas competitor

The Richard Branson-linked investment fund has said it wants to maintain Virgin Australia as a full-service international airline if it wins the race for the collapsed carrier.

Investor “Bullish” on News That a 2009 Bitcoin Miner Still Trusts BTC’s Roadmap

It's been an interesting past few weeks for Bitcoin. First, there was the halving. Then an early miner from 2009 initially believed to be Satoshi Nakamoto

McLaren To Axe 1,200 Jobs, More Than A Quarter Of Its Workforce

The coronavirus pandemic is forcing McLaren to scale down by eliminating 1,200 jobs from its automotive and F1 divisions. Most of the job cuts are in UK.

Top 10 biz headlines: Recession, Nasdaq listing for Jio Platforms, and more

Here are the top 10 business headlines on Wednesday morning

Major markets in Sekondi-Takoradi to be closed over surge in coronavirus numbers

Major markets in the Sekondi-Takoradi metropolis are expected to be closed down today for disinfection due to the rise in COVID-19 numbers in the region.

TUC fights Trade Fair Company over ‘illegal’ mass layoffs

Leadership of the Public Services Workers’ Union, (PSWU) of the Trades Union Congress, (TUC) has locked horns with CEO for the Ghana Trade Fair Company, GTFC Dr Agnes Adu over what the Union terms “unconventional mass termination of appointments of some 23 staff of the Company.

Sugar Inquiry Commission didn't highlight NPMC's role in failing to control prices

The commission only held the Sugar Advisory Board responsible for taking any action

Air France agrees to cut many domestic flights

The CEO of Air France-KLM has announced substantial changes to the domestic network of Air France…

Wyndham welcomes 11 new-build US properties in first quarter

Over 25 new-build hotels were also signed over the same period, and another ten began construction…

Illinois comptroller says legislators won't get pay raise

Illinois Comptroller Susana Mendoza made known in a video she released Wednesday that state legislators will not be getting raises in the next budget year, which begins July 1.

EXCLUSIVE: Is The RealReal, Phillip Lim Resale Partnership a Modern Solution in Difficult Times?

Phillip Lim embraces resale, partnering with The RealReal for an archive sale of season’s past.

China’s president calls for long-term perspective to deal with economic challenges

China’s president calls for long-term perspective to deal with economic challenges

Are new car sales about to boom?

According to Robert Gottliebsen, new car sales may be about to boom:

Rich Listers gush manufacturing nonsense

There is nothing more amusing than miners and realtors governing a manufacturing revival. At the AFR of course:

The “Future Is Bright” for Qatar’s Fintech Firms that can Survive COVID-19 and Partner with Incumbents, According to Financial Services Professional

The "future is bright" for Qatar's Fintechs that can survive COVID-19 & partner w/ incumbents, according to financial services professional.

Today's top business news: Fitch says Indian economy to contract 5% in FY21, stocks rally ahead of F&O expiry, oil refiners ramp up demand, and more

Updates from the world of economy, markets, and finance

Save On ends pandemic pay

The union representing workers at Save-On-Foods is asking the chain to extend the pandemic premium for employees.

City projects under budget

Over the last 20 or so months, the City of Kamloops has worked millions of dollars worth of projects, the majority of which came in below budget.

Alibaba Won't Be Delisted (I Think)

The Senate passed bill S.945, which is generally marked as the bill that will delist Chinese companies. If the company doesn't comply for three years in a row,

Gucci Changes in Sync With the Zeitgeist

Observers believe shaking the industry's unwritten rules was long overdue and that the pandemic has accelerated the trend,

Informa Teams With NuOrder to Digitalize Trade Show Experience

The trade show operator and e-commerce platform will work to bring brands and retailers together.

Lacoste Appoints Robert Aldrich as North American CEO, Pedro Zannoni as Latin American CEO

Pedro Zannoni has been tapped as Latin America region ceo.

Turkey looks to weather coronavirus crisis without IMF support

Erdogan resists taking assistance despite looming balance of payments crunch

Management One Taps Michael Alic for President Role

Alic formerly served in various leadership roles, and is known for managing MAGIC and Coterie.

Anant Ambani joins Jio Platforms as director

Reliance Retail’s e-commerce venture JioMart aims to tap into trend of online grocery shopping

Reopening optimism fuels stock market surge

Stocks soared Tuesday as enthusiasm builds about the reopening of the country and the development of a coronavirus vaccine.

GBP/USD: Off two-week top under 1.2400 amid US dollar pullback

GBP/USD steps back from two-week top to 1.2320, down 0.11% on a day, while heading into the London open on Wednesday.

EUR/USD: Extra gains expected above 1.1020 – UOB

FX Strategists at UOB Group noted the outlook on EUR/USD remains tilted to the positive side for the time being. Key Quote 24-hour view: “The sudden s

USD/JPY Price Analysis: Bounces off intraday low to regain 107.50 as risks dwindle

USD/JPY pulls back from the daily bottom to 107.55 ahead of the European session on Wednesday. In doing so, the yen pair recovers from 21-day EMA whil

Coronavirus update: Germany virus reproduction rate drops further to 0.70

According to the latest data from the German disease and epidemic control center, Robert Koch Institute (RKI), the number of confirmed coronavirus cas

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

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

Stocks Have a Psychologically Important Day

Passing key landmarks on the S&P 500 may have caused traders to reconsider why they have pushed the market so far.

Amazon-backed Rivian reopens factory to build parts for upcoming electric SUV

Amazon-backed electric car startup Rivian, has reopened its factory following a temporary shutdown in response to the coronavirus pandemic.

Morrison is chasing votes at the expense of exports

We are a proud middle power. But it does us no good to bash our Chinese customer for political advantage.

ATO flags regional office closure

The Australian Taxation Office has begun consultations on plans to shut down its Geelong office.

Lew jnr to bolster his group with MyHouse acquisition

It could almost be time to head to the clearing house. 

Edgy Surry Hills offices hit the market

Developer Cornerstone is looking to sell the assets – at 10-14 Waterloo Street and No. 1 Lacey at 119 Kippax Street – in one line or separately, as it looks for new redevelopment and adaptive re-use projects.

Historic Shropshire castle could be permanently closed due to impact of coronavirus crisis

One of Shropshire's historic tourist attractions could close for good according to trustees who warn lockdown has reduced its income to zero.

WGA Wants Higher Streaming Pay, Foreign Film Residuals

The Writers Guild of America listed eight major goals it's pushing towards in talks with the Alliance of Motion Picture and Television Producers.

Satellite player SES signs on to FCC C-Band plan

Satellite service provider SES laid out plans to invest $1.6 billion in new kit, as ...

In crisis times, clear communications deliver

Not just external, businesses must work just on the messaging

Vietnamese businesses ‘swim against the stream’ to seek profit - VietNamNet

While many businesses have had to take big losses because of Covid-19, other businesses have reported profits with 2-digit growth rates.

Government has come good for the farming sector – Fulton

WESTERN BUREAU: JAMAICA AGRICULTURAL Society (JAS) President Lenworth Fulton has said the Government has come good for the agricultural sector, having set aside J$1 billion in the 2020-2021 Budget to keep the sector afloat amid the onset of COVID-...

PVR, Inox Leisure stocks hit by uncertainty as coronavirus brings business to halt

With looming uncertainty over businesses, investors are watching the stock movement sitting on boundaries. Since March 24, when PM Modi announced lockdown,  Inox stock has lost 17.77% and PVR share price is down 39.20%

Coronavirus in Navi Mumbai: Full list of COVID-19 containment zones under Panvel Municipal Corporation including Kamothe, Kharghar, New Panvel, Kalamboli as of May 27

Finding working capital is key to small businesses efforts as reopening accelerates

Small businesses are suffering affer a long pandemic shutdown and they are worried about what will be needed as they begin to reopen. Interviews with a select group of small business owners found that access to working capital is key to reopening, as well as clear guidance from government or trade organizations about how to reopen safely during the pandemic.

'Fight for every job': University union on war footing

A day after Scott Morrison urged all sides to 'lay down their weapons', the university staff union have threatened widespread industrial action.

State ownership of airlines may be side effect of coronavirus

Michael O’Leary’s anger over Lufthansa’s €9bn state bailout is understandable

Banks move to avert fresh arrears crisis

The initiative is aimed at avoiding a cliff-edge effect at the end of September

Seoul to fund $4.9m in UNESCAP aid for North Korea

The Unification Ministry on Wednesday said it will provide North Korea with $4.9 million in aid through a UN agency, to support enhancing the country’s statistics program.  The decision to fund the project by the United Nations Economic and Social Commission for Asia and the Pacific was made during a civilian-government committee on inter-Korean exchanges. The project will last six years, and Seoul has se...

Banks' lending rates further drop in April on aid package

Lending rates on fresh loans extended by banks in South Korea dropped sharply from a month earlier in April, central bank data showed Wednesday, apparently due to stimulus measures that supplied massive funds to businesses hit by the new coronavirus outbreak. The average interest rate on fresh bank loans came to 2.8 percent in the month, down 11 basis points from 2.91 percent the previous month, according to prelimi...

[Feature] Chinese solar firms suck air from Korean industry

Although South Korea’s No. 1 solar module maker Hanwha Q Cells’ power business posted a record operating profit of 100 billion won ($81.4 million) in the first quarter, it faces challenges not only from the demand crunch due to the COVID-19 outbreak but also its weak price competitiveness against Chinese rivals. On May 15, Korea Electric Power Corp. announced it would build solar power generation facili...

GE Is Saying Goodbye To Its 129-Year-Old Light Bulb Business

schwit1 shares a report from CNN: General Electric is saying goodbye to the light bulb. The conglomerate is shedding a struggling business founded by Thomas Edison more than a century ago. After years of failing to find a buyer, GE announced Wednesday it will sell its 129-year-old lighting division ...

Kotak Bank jumps 4% on QIP launch; floor price set at Rs 1,147.75 per share

The bank set the floor price of the issue at Rs 1,147.75 per share, which was at just half a per cent discount to Tuesday's closing price of Rs 1,152.45.

Drug wars: how AstraZeneca overtook GSK in UK pharma

With new cancer drugs and a vaccines partnership with Oxford university, AZ’s turnround has boosted the industry in Britain

Coronavirus accelerates shift away from cash

Pandemic encourages more businesses to move to contactless payments

Dark times for Britain’s theatres

Shakespeare’s Globe and the Old Vic in London are among those threatened with closure

Business will be the loser in the US-China fight

Both nations are indispensable, so companies face a two-track world

Nikkei pauses as profit-taking hits transport stocks

SYDNEY — Japan’s benchmark stock index Nikkei paused on Wednesday after hitting a 2-1/2-month high in the last session, as investors locked in profits from recent strong gains in transport companies.

Chief Minister: No 30% rise for key workers

KEY workers employed by the government will not get a 30% pay rise during the pandemic, the Chief Minister has said, after a petition calling for the move gathered more than 1,000 signatures.

Deakin Uni's timely cloud prep helps 62,000 students move online during COVID-19 | ZDNet

Online learning never seemed so seamless for the Melbourne-based university.

Efficacy of Financial Literacy Programmes

Financial institutions- markets-instruments- services are lifeblood of an economy. These perform significant role in developing society. Modern societies

ECB’s Schnabel: Not adjusting monetary policy in any way in response to German court ruling

In an interview with the Financial Times (FT), Isabel Schnabel, Member of the Executive Board at European Central Bank (ECB), said dismissed the impli

USD/INR Price Analysis: Indian Rupee consolidating in a narrowing price range

USD/INR fell by 0.38% on Tuesday, keeping intact a four-week-long narrowing price range represented by trendlines connecting April 30 and May 12 lows

EUR/USD put bias weakest in over two months, risk reversals show

One-month EUR/USD risk reversals (EUR1MRR), a gauge of calls to puts on the single currency, jumped to -0.125 on Tuesday. A negative print implies tha

Pratt: tap super to fuel a manufacturing recovery

Corporate leaders including the Visy boss say exploiting competitive advantages is the key to reviving manufacturing that could lead Australia out of the coronavirus downturn.

Checkout.com buys Perth-based Pin Payments

Another global online payments firm has entered Australia to challenge big bank relationships with retailers in the post COVID-19 economy.

No-touch new car buyers drive towards Let's Haggle

An online business backed by a Sydney investment banker is seeing some tentative signs of life in a new car market hit hard by COVID-19.

No quick return to bank share buybacks, says Jamie Dimon

The head of America’s largest bank predicted another big provision for loan losses in the second quarter.

Experience with GST holds valuable lessons for One Nation One Ration Card

If done well, One Nation, One Ration Card, could lay the foundation of a truly national and portable benefits system that includes other welfare programmes like LPG subsidy and social pensions.

Liquidation of companies still the most likely outcome under IBC

January-March quarter of fiscal 2019-20 was quite fruitful for banks in terms of stressed asset resolution and recovery under IBC, with lenders realising 64% of their dues

Film, TV Industry Reopening Guidelines Coming 'Later in the Week,' Newsom Says

Gov. Gavin Newsom said "industry and labor" groups wanted to "tighten up some aspects of their guidelines"

National's new agriculture spokesperson David Bennett accuses Government of using farmers to just 'pay the bills'

David Bennett took over the position of spokesperson after Todd Muller became the party's new leader.

Greece and Egypt talk tourism in post-pandemic era

Greece’s Tourism minister Harry Theoharis spoke with his Egyptian counterpart on Monday, where they discussed closer tourism collaboration in the

Think tank mulls digital accounts

Discus­ses findin­gs of Financ­e and Bankin­g Commit­tee to improv­e liquid­ity, lendin­g

Sugar price remains at high levels

Sweete­ner costs more despit­e ongoin­g cane harves­ting, sugar produc­tion season­

Eid shopping loses momentum

People buy goods in limite­d quanti­ties as purcha­sing power shrink­s

Govt drops plan of suspending banknotes’ varnishing

SBP gave propos­al on fear of machin­ery breakd­own during pandem­ic

Modi govt denying people benefit of low oil prices; no other nation doing so: Moily

When nations around the world have passed on the benefit of plunging oil prices to consumers, the Modi government has irrationally kept petrol and diesel prices at levels prevalent when crude prices had touched an all-time high of USD 107 few years back, former petroleum minister M Veerappa Moily said Tuesday.

Amtrak set to cut up to 20% of workforce by October

Amtrak is preparing to cut up to 20% of its workforce in the next fiscal year as the national railroad continues to suffer from a huge decline in ridership...

Doosan likely to finalize self-rescue package next month

South Korea's cash-strapped Doosan Group is likely to finalize its self-rescue plan next month, as creditors have yet to vet the books of the group's affiliates, industry sources said Wednesday. The country's 15th-largest conglomerate last month submitted to creditors, including the Korea Development Bank (KDB) and the Export-Import Bank of Korea (Eximbank), a plan to sell shares and non-core assets in a bid to secu...

[Monitor] Air transport hit hardest by pandemic

The production performance of many Korean companies was found to have deteriorated in the first quarter this year due to the global economic downturn and the impact of the pandemic, latest data showed Wednesday. Local corporate tracker CEOScore surveyed 127 companies, which submitted quarterly reports and disclosed their production capacity and performance, among the nation’s top 500 companies. According to...

DBSA seeks loans to plug funding gap

Potential lenders include the African Development Bank, the New Development Bank and Agence Francaise de Developpement.

Apple Is Reopening 100 Retail Stores in the United States

Apple will be reopening 100 stores in the United States, based on easing restriction and data on local COVID-19 spread.

Council pulls funding for GC Show, won’t back December event

There was funding obviously allocated for this year and we had a funding agreement through to 2022, but of course this year with the uncertainty we are not going to be able to support the show for…

LIVE: House hearing on the spike in electricity bills

Watch the hearing live on Rappler

JP Morgan chief economist forecasts 'strong rebound' in Indian markets

The economic wounds will be "deeper than anything we've seen since World War Two", says chief economist at JP Morgan

Titan dips 2% as Co gives biz update, defers launch of jewellery collection

Titan expects cash outflow to be recovered when sale of jewellery restarts

Karnataka to slash stamp duty on new apartments costing up to Rs 35 lakh

The Chief Minister directed that the stamp duty be cut from the existing five per cent to two per cent on apartments costing less than Rs 20 lakh, getting registered for the first time

MultiChoice makes DStv, GOtv customers offer to cushion COVID-19 impact

With the novel Coronavirus (COVID-19) pandemic ravaging the world currently, the global populace is being inundated with a new forced reality. Loved ones have fallen ill with some, sadly, passing away, businesses have been shut and social movement and interaction have been greatly limited.

Food in a Tinderbox

The restaurant industry is close to irreparable damage. Can it be saved?

Money Matters

Managing your money can be tricky. Send your queries, and personal finance experts will help you resolve any issue

Pakistan needs debt relief

Global credit­ors need to waive both offici­al bilate­ral and commer­cial debt for low-income countr­ies

Celebrating Africa Day

It’s a tribut­e to Africa’s succes­sful strugg­le agains­t coloni­alism, aparth­eid and applau­ds the progre­ss it has made

LED: The magic bullet that will unlock economy

development

Tesla = #1 In Brand Loyalty In Norway & #16 In Customer Satisfaction

By Johnna Crider & Zach Shahan A new study has found that Tesla has the highest brand loyalty in Norway. Additionally, the Norwegian news site Dagens Naeringsliv shared that despite Tesla falling a bit in Norwegian customers' eyes in early 2019 in terms of overall customer satisfaction (a different category from brand loyalty), the company is now

Petrol, diesel prices stable in Delhi, Hyderabad, Chennai, Mumbai - 27 May 2020

Petrol and diesel prices on 27 May 2020: Petrol and diesel prices have been stable at all major cities on Wednesday.

Experts seek review, sustainability measures as airports reopen Friday

Aviation stakeholders have urged the Federal Government to constitute a committee to review the aviation sector and its sustainability

Performance Kia Promotes Special offers on New Kia Sportage Models

MOOSIC, Pa., May 26, 2020 /PRNewswire-PRWeb/ -- The Performance Kia dealership in Moosic, Pennsylvania sells sedans, hatchbacks and SUVs. Among SU...

UK economy faces 5% annual deficit by 2024, say economists

Survey forecasts coronavirus undermining Britain’s public finances until next election

German ECB executive shrugs off court ruling against bond buying

Isabel Schnabel says constitutional row ‘does not directly affect’ eurozone’s central bank

Qatar turns the LNG screw

More excellent news for Australian energy prices. Qatar is flooding the global market, at the AFR:

Falling CNY sends out another AUD warning

Another new low for CNY this afternoon:

Argentina based Fintech Ohana to Launch Digital Wallet to Help Locals Pay for Daily Services via QR Codes, Send Money, Settle Taxes

Argentina-based Fintech firm Ohana (which means “family” in Hawaiian) has revealed that its digital wallet will allow users to pay for everyday goods and se

Tencent, Parent Company of WeChat, to Invest $70 billion into Blockchain, AI, Cybersecurity & More in Pursuit of New Infrastructure

Tencent, a massive Chinese conglomerate that also operates WeChat, is planning to invest $70 billion over the next five years. The money will go into "new infr

Will work ever be the same again?

Three CEOs present scenarios that overturn widely accepted notions about working and the corporate workplace

R3bn of CT's R54bn budget earmarked for indigent, disabled and pensioners

During a virtual sitting, Cape Town Mayor Dan Plato told councillors that service delivery has had to be adapted so that essential services could continue.

Salesman gambles away Bodakdev store's income

Arrested after he spent the handicraft store's February-March collection of Rs 4.3 lakh on playing online rummy

Vadodara civic body announces 10% property tax rebate to tide over crisis

Deputy Municipal Commissioner SK Patel said the move is to benefit both the VMC and the citizens. "We are planning to make use of social media and newspapers to ensure that the message about the rebate reaches the people. Property tax is one of our biggest incomes," he said.

UK commits new funding to combat space debris

New government funding for innovative solutions to tackle the growing problem of potentially hazardous space debris, has been announced by the UK Space Agency.

DA demands details on UIF’s COVID-19 relief payments

The party’s Michael Cardo said the UIF was failing to pay through the employee relief scheme and its website was constantly offline.

ANALYSIS: Vegan boom is heading for a meat-fuelled bust

Vegan companies were struggling with increasing costs even before the coronavirus pandemic.

Online orders for alcohol rising ahead of move to level 3 lockdown

OneDayOnly.co.za said that orders had been steadily increasing even before Sunday's announcement that restricted liquor sales would be allowed under level 3 lockdown.

UIF compliance no longer a requirement for COVID-19 financial aid

Previously only workers who were registered and declared on the system by their employers could qualify for the benefit.

BRPs stop SAA flights before they even take off

In a statement on Tuesday, SAA said it would resume operations between Johannesburg and Cape Town from mid-June.

SATTA wants inquiry into links between illicit cigarette traders, politicians

Without giving specific names, the alliance on Wednesday said it was clear that other interests were now at play.

SA plans $20.5bn of public works to spur economy - Mashatile

The projects would focus on areas such as railways, ports, energy, information technology, water and sanitation and housing, he added.

New PIC CEO Abel Sithole now tasked with turning entity around

The PICs credibility was shattered when its former CEO Dan Matjila was implicated in dodgy deals and corruption in the findings of the pic commission of inquiry earlier this year.

New survey says 82% of festival goers are comfortable returning to music events

More than 110,000 people were surveyed

Iata appeals for govt financial relief as COVID-19 takes toll on aviation sector

Since government implemented the nationwide lockdown, no airline has been allowed to fly locally or internationally.

Cabinet approves appointment of Sithole as PIC CEO

Sithole is currently the principal executive officer of the Government Employees Pension Fund and the commissioner of the Financial Sector Conduct Authority.

FFC urges govt to reconsider its fiscal consolidation stance

Finance Minister Tito Mboweni had so far held the line on fiscal consolidation – a policy aimed at reducing the budget deficit and government’s soaring debt-service costs.

Winding down of Saldanha Steel plant to be complete by end of June

Despite numerous efforts to save the steel plant, ArcelorMittal South Africa CEO Kobus Verster said that reopening the facility in the medium term was highly unlikey.

California Art Schools Consider Hybrid Instruction Models for Fall Semester

The coronavirus pandemic has forced colleges and universities across the United States to rethink how to fulfill their missions as places of higher learning. As the fall semester fast approaches, many institutions must rethink how they will operate if campuses remain shut. Art schools, which promise their enrollees studio instruction, in-person critiques, and thesis exhibitions, face an even bigger challenge when contemplating how to present their academic offerings to students if classes can only be held online.Allan deSouza, the chair of the department of art practice at the University of

KW Institute Extends Contract of Director Krist Gruijthuijsen

Krist Gruijthuijsen will continue to serve as artistic director of the KW Institute for Contemporary Art in Berlin. Gruijthuijsen has helmed the institution since July 2016. Under his leadership, the curatorial team staged exhibitions and projects featuring emerging, overlooked, and non-Western voices, including Anna Daučíková, Beatriz González, Hiwa K, and Hassan Sharif, and KW experienced a 40 percent increase in visitors. He also helped boost its institutional budget by 40 percent and oversaw the refurbishment work of KW’s historic building.After the board unanimously decided to extend

London’s Southbank Centre Likely to Remain Shuttered Until April 2021

Southbank Centre, the London cultural complex on the Thames River that houses the Arts Council Collection, Hayward Gallery, the National Poetry Library, Royal Festival Hall, and eight orchestras, has revealed that it may remain closed until April 2021 due to the financial hardship caused by the ongoing health crisis.The cultural quarter—one of the largest arts venues in the United Kingdom—is run by the charitable organization the Southbank Foundation and generates 60 percent of its revenue from ticket sales and other on-site commercial activities. According to the Evening Standard, it is projecting

South Africa begins diesel rationing

South Africa has implemented diesel rationing, as demand recovered more quickly than expected after a lockdown to control the spread of coronavirus was eased.

SAA administrators see reasonable chance of rescuing the airline

The administrators of South Africa’s bankrupt state-owned airline said they see a “reasonable prospect of rescuing” it.

Billionaire Johann Rupert scores R54 million payday

South African billionaire Johann Rupert took home a R54 million payday in 2020, for his role as chairman at Swiss luxury goods company, Richemont.

Business rescue practitioners shut down SAA’s plans to fly again

South African Airways’ business rescue practitioners (BRPs) say that the airline’s announcement that it plans to resume domestic flights under lockdown level 3 was “unvetted”.

Cromwell subdivision appeal withdrawn

An appeal to the Environment Court regarding a controversial 900-lot Cromwell subdivision has been withdrawn. The appeal was lodged in February...

Ryman Hospitality Backs Out of Deal to Purchase Austin City Limits Property

Ryman Hospitality has backed out of a $283 million deal to purchase a mixed-use property that includes the 2,500-seat Austin City Limits Live at the Moody Theater.

Good Works: Tencent and Universal Team Up on Charity PPE Distribution

In early April, several days after Tencent Holdings closed its deal to buy a 10 percent stake in Universal Music Group along with a consortium of investors, Tencent Chief Strategy Officer James Mitchell called Universal Executive Vice President of Communications Will Tanous with an idea.

‘The meal kit model is unsustainable’: How can recipe box companies maintain their lockdown momentum?

Lockdown measures have driven an unprecedented surge in demand for recipe box services. Yet once the dust settles, so too will subscription numbers, suggests Philip Koh, co-founder of London-based brand design agency Without. “Meal kits are unlikely to become the norm,” he told FoodNavigator.

Cargill: ‘Technology is moving us closer towards maximum transparency and traceability’

US agri-food giant Cargill is looking to solutions such as mobile money, GPS mapping and digital data collection to improve transparency in its cocoa supply chains in Africa and elsewhere.

Iceland cuts food waste 23% in two years as it commits to a 50% cut by 2030

A year after the Department for Environment, Food and Rural Affairs in the UK called on businesses to ‘step up to the plate’ and drive forward plans to cut food waste, the supermarket Iceland has announced food waste reductions of almost 2,500 tonnes, a decrease of 23.2% over the last two years, in its first public food waste report.

VIDEO: Gov. David Ige says he’ll lift the interisland quarantine soon, but declines to confirm a date | Honolulu Star-Advertiser

Gov. David Ige said today that he expects to lift the quarantine for interisland passengers soon and is finalizing plans to reopen tourism.

Sponsored: Tap into a massive audience by learning to grow your game in Brazil

Presented by Xsolla Brazil’s massive video game audience offers a huge growth opportunity—if you know the best way to approach the market. To help you grow revenue more quickly and easily, Xsolla’s gaming experts have rounded up essential best practices for game sales and operations in Brazil. Download Xsolla’s new guide, How to Grow Your Video Game in Brazil

Work on new cell tower begins

Construction of a new non-notified Spark cellphone site has begun in rural Hawea to replace the existing cell site servicing the area. Spark...

Jobs numbers to plummet at AJ Hackett

The world’s oldest bungy jump tourist operation is set to make significant cuts. The Otago Daily Times understands more than 150 jobs — out of 220 ...

Mass tourism is not sustainable

New directions are needed for the Central Otago economy as it looks to recover from Covid-19, writes Wanaka resident  Warwick Thompson. Central...

Holiday deals hoping to encourage domestic tourism

Cut-price campervan deals are encouraging Kiwis to holiday at home - but hotels, motels and restaurants are not seeing much movement ahead of the...

The average take-home salary in South Africa during lockdown

The BankservAfrica Take-home Pay Index (BTPI) showed a slight pick-up in April as the majority of employees continued to receive their monthly incomes – however casual and weekly workers were most affected by the Covid-19 lockdown as the number of wages paid declined significantly.

Arthritis company Promisia pivots into Chch aged care sector

Medical company Promisia Integrative hopes to turn its core business to the aged care sector and acquire three facilities in the North Island and...

Bid to expand Canterbury coal mine meets stiff opposition

Hundreds of people are opposing a plan to expand a Canterbury coal mine. Bathurst Coal Ltd has applied to expand its opencast mine, known as...

MediaWorks staff to hear details of proposed redundancies

The radio arm of MediaWorks is meeting with staff today about proposed redundancies. On Monday it announced 130 jobs in its sales and radio...

Electric vehicle makers battle the COVID-19 pandemic

Global EV sales will shrink this year, falling 18% to about 1.7 million units, according to BloombergNEF.

The lockdown can hurt ISPs – Depending on the impact in the coming months

The ISP industry is one of the least impacted by the lockdown, but concerns remain over the long-term economic impact of the COVID-19 pandemic.

Big job losses in South Africa – Here are the sectors which are the worst affected

The CCMA recently opened its doors and immediately experienced a big influx of people who lost their jobs.

How Afrihost launched a winning lockdown campaign

Afrihost’s work-from-home campaign shows why it is so popular among consumers and its own employees.

“Freak” fibre break delays UIF claims

The Unemployment Insurance Fund (UIF) has apologised for a delay to the capturing of COVID-19 TERS applications for May, citing a “freak break in its network.”

MLAs slam KHADC move to levy transit fee

SHILLONG: Four Congress MLAs - HM Shangpliang, PT Sawkmie, George Lyngdoh and Kimfa Marbaniang - have shot off a letter to the chief minister lamenting the decision of the Khasi Hills Autonomous District Council (KHADC) to levy a transit fee of Rs 45

Meghalaya govt not to defer salary for May

SHILLONG: Meghalaya Government has decided not to impose any salary deferment for the month of May.Informing this on Wednesday, Chief minister, Conrad Sangma said that the government had earlier deferred the salaries due to very less devolution of ta

Govt to decentralise MPSC

SHILLONG: The Meghalaya Public Service Commission (MPSC) will be decentralised to make it more efficient and transparent.After inaugurating the newly constructed building of the MPSC at Lower Lachumiere on Tuesday, Chief Minister Conrad Sangma said t

How India can push its dairy cart ahead

The future of dairy in India hinges on modernising infrastructure, and giving the sector a technological face-lift

Glenmark gets USFDA nod to market generic drug for muscle pain

Glenmark Pharmaceuticals Inc, USA has been granted final approval by the US Food and Drug Administration (USFDA) for Chlorzoxazone tablets USP, in strength of 375 mg and 750 mg, the drug maker said in a statement.

G R Chintala takes over as NABARD chairman

Chintala replaces H K Bhanwala, who headed the organisation for more than six years.

RBI's 7.75 percent Savings (Taxable) Bonds 2018: Subscription to stop from May 28

“The Government of India 7.75% Savings (Taxable) Bonds, 2018 shall cease for subscription with effect from the close of banking business on Thursday, the 28th of May, 2020,” RBI said in a release.

French optical maker Essilor bets on business rebound as India eases COVID-19 lockdown

Along with its associate companies, Essilor employs 5,000 people in India and exports optical products to Europe, the US and Canada.

IATO urges tourism minister to provide financial stimulus for sector

IATO has also asked for special collateral free and interest free long-term loans (5-10 years) to be provided to the tour operators for revival of business and aggressive marketing, the statement said.

City of Amarillo’s sales tax revenue seeing potential decrease of $4 million

Now that the City has received the March sales tax revenue numbers, City Finance Director Laura Storrs says Amarillo is projecting a decrease of millions.

Best of BS Opinion: India-China relations, the Covid curve, and more

Here is a summary of Business Standard opinion pieces for the day

Stockholm-based Doktor.se nabs €45 million for its ‘digi-physical’ care

Today Swedish e-health startup Doktor.se, which offers digital consultations to patients through its smartphone app, announces that it has secured €45 million in a Series C round led by Carnegie and Handelsbanken. Many of Doktor.se's existing investors, as well as new investors, are participating in

EIT Digital Challenge: Previous winners share their experience

The EIT Digital Challenge is a fast-paced and exciting competition, in which high growth European tech startups can win a full-year of acceleration worth €50K, access to EIT Digital’s innovation network and international visibility (and, if you are the top selected startup, a further €100K). Appl

Paris-based Aircall raises €59.2 million for its cloud-based phone system

Today French startup Aircall, the phone system for modern business, has announced raising around €59.2 million Series C funding. The round was led by DTCP, alongside new investors Swisscom and Adam Street, and existing investors Balderton Capital, Draper Esprit, eFounders and NextWorld. Founded i

Demand for housing sector will come back in medium term, says HDFC CEO Keki Mistry

Now, historically, whenever there has been any kind of stress in the market, NPLs tend to go up in short term, but once the stress get alleviated, NPLs come down to the normal levels.

‘Certainly not an eye-wash’: Nobel-winning economist Abhijit Banerjee on Centre's Rs 20 lakh crore stimulus

The Nobel laureate has voiced hope that the Centre's economic relief package will boost the supply side which will drive economic recovery.

Decoded! Taxation of employee stock options vis-à-vis start-ups

Book value instead of full market value should have been considered for taxation of ESOPs

Heatwaves: India must stand up to certain countries’ climate lethargy

Pandemic shows how large emission cuts need to be, India must stand up to countries’ climate lethargy

E-commerce transactions grow up to 25% in second week of May

Harshil Mathur, CEO and co-founder, Razorpay, said with the situation starting to ease out in parts of the country, the payments firm has seen a spike in transactions in the last few days, particularly in e-commerce.

RBI to auction 84-day CMBs worth Rs 80,000 crore

CMBs are used to meet the temporary mismatches in the cash flow of the government. This instrument has the generic character of treasury bills but is issued for maturities less than 91 days.

Missing power goals again! Thermal plants all set to miss 2022 pollution target

With two years to the deadline, just 97 GW of the coal-fired capacity is in compliance with particulate matter (PM) standards, while upgradation is underway in 14 GW and a mere 16 GW of capacity is in compliance with SO2 norms.

HP Excise & Tax Department sells retail liquor vends totaling Rs 1,180 Cr

Excise and Taxation Department of Himachal Pradesh on Tuesday said against a total retail liquor vend business of Rs 1190 crore, the Department has sold business at a price of Rs 1180 crore in the State. Principal Secretary, Excise and Taxation Sanjay Kundu said despite lockdown and recession in

MP to play key role in self-reliant india: CM

Chief Minister Shivraj Singh Chouhan has said that Madhya Pradesh will have significant contribution in building a self-reliant India. In Madhya Pradesh, maximum efforts will be made for a strong economy through job-oriented works in the fields of agriculture, horticulture, cooperatives, fisheries,

News Briefs

Governor releases special cover on Covid Bhubaneswar: Governor Prof Ganeshi Lal released a special cover on Covid-19 and a pack of 10 picture post cards on great personalities of Odisha here on Tuesday. Chief Postmaster General, Odisha Circle Subash Chandra Barmma and Secretary to Governor PK

Digital conference on environment conservation organised for students

The Model Conference of Parties - I (MCOP-I), the first ever digital conference on nature conservation for students was held online. It was held to mark the International Day for Biological Diversity 2020 and 2020 as a Super Year for nature and biodiversity. It was hosted by World Wide Fund for

Lockdown Impact: As states lose revenue, here's why they turn to alcohol

Indian states have been wanting to lift ban on the sale of liquor since the implementation of lockdown in the country. The state governments have been running out of money to sustain their fight against novel coronavirus.

How Your Kid’s (Or Kids’) School Can Go Solar

With solar being a popular choice for those looking to save on their energy costs, it's no surprise that schools are taking advantage of it as well. Furthermore, many more schools could save money by going solar. [caption id=

Slideshow | UPL and Bajaj Finserv among 15 buying ideas with 13-84% upside

Here are the top 15 stocks, in which brokerages are expecting 13-84 percent upside:

You can now apply for government’s relief fund for May – but don’t make these mistakes

The Department of Employment and Labour says the Unemployment Insurance Fund (UIF) has to date paid in excess of R15 billion to beneficiaries – marking a historic first in terms of a lump sum paid out by the fund within five weeks.

Do Uber, Ola's massive layoffs indicate they may be driving off the map?

600 staff lose Uber jobs days after Ola laid off 1,400 people. Means cab aggregators, propped up by investors despite losses, won't recover?

Airlines given $123 billion in state aid – IATA

While governments are coming to the rescue of embattled airlines, the International Air Transport Association points out that $67 billion of the $123 billion committed so far would have to be repaid

Latvian students permitted to work this summer; NVA approves student employment

Latvian State Employment Agency (NVA) has decided to organize student employment activities this year, as confirmed by welfare minister’s advisor for communication affairs Jānis Zariņš.

Bank: Lithuanian billion-rescue-plan may be slowed down by red tape

As the Lithuanian government plans to invest 6.3 billion euros in the economy and human resources in 18 months, Swedbank has pointed to excessive red tape as weakness that could slow down the investments, LRT reports.

Future Lifestyle Fashions share price down 2% as board mulls fund-raising plan

Future Group faces high promoter debt, sharp fall in share prices and cash flow woes, all of which have been exacerbated by the COVID-19 outbreak.

Mercedes-Benz launches C 63 AMG Coupe and AMG GT R, company says planned launches on track

The launch of its first all-electric car EQC has suffered a delay due to the nationwide lockdown.

Titan Company shares down 2% as COVID-19 hits businesses

The company said the lockdowns posed challenges to all its businesses.

Buy USDINR; target of 76.00 - 76.20: ICICI Direct

ICICI Direct The rupee again approached its sizeable Call base of 76. We feel a close above these levels would open the gates for more upsides. However, looking at the consolidation in Dollar index we feel, the rupee will remain in a range.

Coal India arm MCL reports 42.6% growth in overburden removal

The development assumes significance as Coal India (CIL) has shifted its focus to overburden removal - the process of removing the top soil and rock to expose coal seams in its open cast mines - on account of slump in coal demand.

Arogya Sanjeevani: Low-cost insurance, but a regular health cover works better

Existing health insurance plans offer far more features and benefits, but come with higher premiums

Sony/ATV Promotes Peter Brodsky to General Counsel, EVP Business Affairs

Sony/ATV Music Publishing has promoted Peter Brodsky to general counsel to compliment his longtime role as executive vp, business affairs at the Sony Music company.

Wall Street opens higher on recovery optimism

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

India loses crown to Indonesia as Honda’s biggest two-wheeler market

HMSI’s FY20 domestic sales are back to the same level as FY17 when the company had sold 4.72 million units in the domestic market

COVID-19 impact| Radio industry sees 85% revenue decline Y-o-Y: Elara Capital

Association of Radio Operators for India (AROI) had written to the government urging for an economic survival package for FM radio.

Slideshow | Gainers & Losers: 10 stocks that moved the most on May 27

Among Sectors, Nifty Bank rose 7 percent followed by IT, metal and energy space, while pharma index ended marginally lower.

Petronas eyeing India's ACME Solar assets worth Rs 450-500 crore: Report

Petronas will likely conduct the deal worth Rs 450-500 crore through its Indian arm Amplus Energy Solutions

COVID-19 impact | IDFC First Bank announces pay cuts for senior management

IDFC First said its senior management has volunteered to take a 10 percent cut in compensation for 2020-21.

D-Street Buzz | Fertiliser stocks trade higher; Bayer CropScience, Coromandel International hit 52-week high

Coromandel International's consolidated net profit surged 96 percent year-on-year to Rs 235 crore in March quarter of FY20 against Rs 120 crore of the same quarter in the previous financial year.

HDFC AMC marks down value of Essel Group NCDs by Rs 120 crore: Report

HDFC AMC had marked down Rs 120 crore due to the drop in share prices of ZEE and Dish TV, which were used as collateral by Essel group.

Cash holdings of PMS schemes decline in April: Report

However, 13 PMS schemes also recorded an increase in cash holdings in April over March

Torrent Pharma Consolidated March 2020 Net Sales at Rs 1,946.00 crore, up 4.85% Y-o-Y

The going will get tougher for the Indian automobile sector; here's why

In the long run, more solid reforms might be needed to help auto sector be able to walk without the crutches that government might be able to give it.

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

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

HC rejects Ruby Hall’s plea to open IPF for all

With less revenue in pandemic, hospital feels this fund could be used for treating all COVID-19 patients, but court asks to use part of Rs 68-crore FD if necess

Fleet News Covid-19 survey: we need your help!

Fleet News is asking for fleet decision-makers’ experience of handling the impact of the Covid-19 pandemic with a quick-fire, multiple choice survey.

Used cars: Leasing companies will have to ‘work harder’

Hitachi Capital Vehicle Solutions says the industry will have to ‘knuckle down’ if values are to be achieved in a post-pandemic used car market.

Motorists shun forex fuel

MOTORISTS in Bulawayo are shunning service stations which sell fuel in foreign currency and opting to fill their tanks from those charging in local currency as the exchange rate continues to shoot through the roof on the parallel market. Service stations selling in local currency are now three times cheaper than those charging in foreign currency, forcing some forex service stations to reduce their prices. As of yesterday, the exchange rate at the parallel market was US$1:ZW$60 via electronic transfers and US$1:45 for cash transactions. At selected service stations visited by a Chronicle news crew, forex fuel stations were selling petrol for between US$1,05 and US$1,25 while diesel was going for between US$1 and US$1,13. Those trading in local currency were charging between $21,76 and $23,30 for petrol while diesel was being sold for $21,59 and $22,55. Our news crew observed yesterday that there were long winding queues at most service stations selling the commodity in local currency.

RBZ increases gold retention threshold

THE Reserve Bank of Zimbabwe (RBZ) has increased the gold retention threshold to 70 percent in foreign currency for sale proceeds from the previous 55 percent in a move aimed at boosting production in the sector. Under the new gold trading framework, it means gold producers will now receive 30 percent of their gold sale proceeds to Fidelity Printers and Refiners (FPR) in local currency. FPR is the country’s sole gold buyer and operates under the purview of the Central Bank. In a statement, FPR general manager Mr Fradreck Kunaka said the new gold trading framework was with effect from yesterday. “Gold producers shall be paid under a 70/30 payment arrangement scheme in terms of which 70 percent of the gold sale proceeds shall be paid into the producer’s Nostro account and the balance of 30 percent shall be paid in local currency at the ruling exchange rate into the producer’s ZW$ account,” he said. Under the new framework, small-scale gold buying agents and artisanal producers shall be paid in cash at a flat price…

Adelaide preschool operator issued $23,000 fine for exploiting workers for financial gain

The operator of two Adelaide Montessori preschools has been issued with a $23,000 fine after she was found to have “exploited workers for financial and business gain” the ABC has reported.

UNSW Sydney announces childcare closure arising from financial impact of COVID-19

The University of New South Wales (UNSW) Sydney has announced the closure of one of it’s childcare services, Kanga’s House, and is “exploring the options” available for the remaining three education and care services it operates, in response to what a spokesperson from the University described as the “significant impact” of the COVID-19 pandemic on the financial position of the institution.

CCC makes a series of recommendations before CCS and parents’ fees are reinstated

As the early childhood education and care (ECEC) sector awaits an anticipated announcement in relation to a return to child care subsidy (CCS) as signaled by the Prime Minister last week, a number of core advocacy organisations, including the Community Child Care Association (CCC), have made recommendations about how to enhance the previous system and improve outcomes for children and families.

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

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

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

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

Estee Lauder Stock To Set New Highs Of $220+?

Based on a comparison of Estee Lauder’s stock (NYSE: EL) trajectory over recent months with that around the 2008 recession, we believe that the stock can potentially gain 25% once fears surrounding the coronavirus outbreak are abated, to cross $220, from current levels of $178...

India among major markets to see increase in ATM usage over 2019

Almost half of the world’s major markets saw an increase in the use of ATMs over 2019, despite the global push towards cashless payments which has intensified due to the coronavirus outbreak in recent months.

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

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

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

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

Affordable Insulin For Seniors Presents The Playbook To Lower Drug Costs

President Trump announces a plan that will significantly help seniors in the war against rising prescription drug prices, which is an issue that has been particularly hurting older Americans for years, and now more significantly during the Covid-19 pandemic.

Has Diversity Become A Dirty Word?

Despite the overwhelming evidence indicating that workplaces with more diversity are more profitable and creative, America is experiencing diversity fatigue. People are sick and tired of talking about diversity, equity and inclusion.

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

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

Startling Figures Reveal Extent Of Government Support For Beleaguered Economy

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

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

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

Covid-19 May Accelerate The Digital Divide Among Banks – Digital Leaders Are In The Pole Position

COVID-19 may accelerate the trending digital divide between leaders and laggards in the banking industry, which was already becoming stark by the end of 2019. Over the next two years, this divide may drive industry restructuring and consolidation. Will laggards ever be able to catch up?

LATAM Airlines Starts Reducing Fleet, Including A350 And 787 Aircraft Under Chapter 11 Bankruptcy

The 19 aircraft comprise six A350 and 787 widebodies and 13 A320 family aircraft.

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

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

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

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

Working from home will kill CBDs. And that’s a good thing

Robert Gottliebsen has warned that the shift to working from home (WFH) could suck the life out of Australia’s CBDs.

Zuckerberg reportedly brushed aside internal research that showed Facebook exposed users to more and more extreme views, saying he never wanted the topic brought to him again

After Facebook researchers found the site contributed to divisive rhetoric, executives reportedly nixed proposed changes for fear of appearing biased.

Morgan Stanley Tip Westfield Malls Best Set To Recover

Morgan Stanley analysts predict Scentre-owned Westfield will be among the best set shopping malls for recovery amidst the coronavirus pandemic.

Motorola On A Roll As Retailers & Carriers Take On New Models

It was a great US smartphone brand, that became the #1 brand in Australia, their hero was the Motorola Razr then it all fell apart because of a lack of competitive Android based products, that was until now.

Gartner: Global Device Shipments To Slip 13.6% in 2020

Gartner has forecast a 13.6% drop in global device shipments (including tablets, mobile phones and PCs) for 2020, warning the coronavirus pandemic could have throttled the industry more had work-from-home conditions not been enforced.

Daniel Turner: Biden bows to radical left by pledging to cancel Keystone XL pipeline – Americans would suffer

Joe Biden’s energy policies would create disruptive energy shortages, big energy price increases, an increased dependence on foreign countries outside our hemisphere to meet our energy needs, and a massive increase in unemployment in the U.S. energy industry.

Omdia: iPhone 11 most sold phone in Q1 2020 with 19M units

Samsung is the leader in the 5G realm.

The Case for Liberal Arts Education in a Time of Crisis

Small, private colleges teach students how to be not only workers but civically engaged citizens of the world.

Wanted: Vibrant creative industry

Recently, President John Magufuli and Tourism and Natural Resources minister Hamisi Kigwangwalla called for a return to a degree of normal-cy in the Tourism business.

Covid-19: Costech to coordinate Sh10.9 billion grant for researchers

The Tanzania Commission for Science and Technology (Costech) is coordinating a grant worth $4.75 million that will see Tanzanian  researchers and scientist awarded to address research questions on

The US gaming headset market is found to have hit new heights as of April 2020

A new market research report states that the gaming headset sector broke records in terms of US retail sales in April 2020. This study also found that 8 of the 10 best-selling devices in this category were from the brand Turtle Beach. Of these, its Stealth 600 has accrued the most revenue in 2020 so far.

Potential Grand Theft Auto 6 release date leaks: GTA VI might arrive in 2023 per Take-Two's marketing forecast

Take-Two's 10-K filing with the Securities and Exchange Commission offers strong hints about Grand Theft Auto 6's release timeframe. The downside? PlayStation 5 and Xbox Series X owners might have to wait a couple years for the title.

Why You Need Your Next Marketing Channel, Now

Start diversifying your marketing channels before it's too late

Consumer confidence continues long climb out of gutter

The ANZ-Roy Morgan Australian Consumer Confidence index rose 0.4% to 92.7 in the week to 24 May, its eighth straight increase. However, it has a long way to go to return to ‘normal’ levels:

NordStar Capital buys Torstar Corp. for $52-million

Transaction was recommended by a special committee of media company’s board of directors

Connect First Credit Union appoints former ATB exec as new COO

Canada’s Connect First Credit Union has announced the appointment of Wellington Holbrook as its chief operating officer.

UBS to set up fintech venture fund to speed up its digitisation

UBS is looking to invest “hundreds of millions” of its own money in “dozens” of fintechs, in a move to  finance start-ups which are disrupting the banking industry.

Challenger bank Lunar partners with Danish esports firm Astralis

Lunar, the Nordic challenger bank, has partnered with Danish esports firm Astralis Group to launch a new banking offering.

How VibePay is quietly changing the UK fintech Twitter game

A big challenge facing many UK fintechs has been how to keep their millennial (aged 24-38) and Gen Z (aged 18-24) users engaged with their banking apps.

Hyundai Capital America goes live with Sopra’s Cassiopae

Hyundai Capital America (HCA), the captive finance arm of Hyundai Motor Company, has gone live on Sopra Banking Software’s Cassiopae system.

Canadian data start-up Cinchy lands $10m Series A

Cinchy, a Canadian start-up helping banks avoid the security risk of replicating data, has landed $10 million in a Series A round.

San Francisco neobank Aspiration raises $135m in Series C round

San Francisco-based fintech firm Aspiration has raised $135 million in a Series C funding round led by investors Alpha Edison.

Unibank completes processing stage of TranzAxis migration

Azerbaijan-based Unibank has connected its in-house processing directly to Mastercard, a step towards its full migration to Compass Plus’s open payments platform TranzAxis.

JP Morgan to deploy Calastone tech for automated settlement

JP Morgan has signed a partnership agreement with Calastone which will see it deploy the latter’s technology to enhance its settlements processes.

Bank of Canada urges stores to continue to accept cash

Even before the COVID-19 pandemic, consumers had been increasingly using forms of cashless payment such as credit and debit cards, e-transfers and their smartphones to pay for products.

Fed's Bullard: Expanded unemployment pay not appropriate as recovery takes hold

Fed's Bullard: Expanded unemployment pay not appropriate as recovery takes hold

NYSE short interest rose 1.0 percent in mid-May

NYSE short interest rose 1.0 percent in mid-May

Coffee, Cocoa Don’t React Much To U.S. Reopen As Consumption Takes A Hit

Commodities Analysis by Investing.com (Barani Krishnan/Investing.com) covering: Starbucks Corporation, US Coffee C Futures, Crude Oil WTI Futures, US Cocoa Futures. Read Investing.com (Barani Krishnan

Stocks - Europe Pushes Higher, Expecting More Stimulus

Stocks - Europe Pushes Higher, Expecting More Stimulus

OPEC+ must plan exit strategy: Kemp

OPEC+ must plan exit strategy: Kemp

Step up your no-deal Brexit plans, EU tells banks in Britain

Step up your no-deal Brexit plans, EU tells banks in Britain

Using Scale-Down, Scale-Up Approach to Trade Natural Gas

Commodities Analysis by ETF Daily News (Andy Hecht) covering: Natural Gas Futures, United States Natural Gas Fund, LP. Read ETF Daily News (Andy Hecht)'s latest article on Investing.com

Micron raises third-quarter revenue forecast

Micron raises third-quarter revenue forecast

EUR/USD Flat in Wild Trading as EU Proposes €750B Covid-19 Stimulus Package

EUR/USD Flat in Wild Trading as EU Proposes €750B Covid-19 Stimulus Package

JK Cement (₹234.4): Buy

Investors with a short-term view can buy the stock of JK Cement at current levels.The stock took support ₹180 in early April this year and changed direction triggered by positive divergence on the dai

Day Trading Guide for May 27, 2020

₹853 • HDFC Bank S1S2R1R2COMMENT 840826870885 Fresh long positions are recommended with a stiff stop-loss only if the stock moves beyond ₹870 levels ₹680 • Infosys S1S2R1R2COMMENT 672660690700 Cons

Can Cannabis Cure COVID?

Market Overview Analysis by Matthew Weller covering: GW Pharmaceuticals PLC ADR, Canopy Growth Corp, ETFMG Alternative Harvest ETF, Aurora Cannabis Inc. Read Matthew Weller's latest article on Investi

Unemployment insurance in Filipino workers’ future?

"For now, Filipino workers rendered jobless by COVID-19 have to settle for Social Amelioration Program payments."   The recently concluded contest for the position of Democratic Party candidate in this year’s US Presidential election was largely fought, as far as the leading candidates were concerned, along ideological lines. Two of the candidates – Sen. Bernie Sanders and Sen. Elizabeth Warren – pitched ‘progressive’ (read: socialistic) ideas to the Democratic faithful, while another candidate, former Vice-President Joe Biden, stayed, safely, left of center. Sanders and Warren advocated Federal government intervention in, among other things, the health care and education sectors via subsidies and grants. Biden moved very cautiously in that direction.

USD/ZAR Price Analysis: Off two-month lows, Bullish RSI divergence on 4H

USD/ZAR pair is sidelined near 17.40 at press time, having hit a low of 17.32 on Tuesday. That was the lowest level since March 27. The pair could see

EUR/USD Price Analysis: Upside momentum fades below 1.1000

EUR/USD retreats from 1.0996 to currently around 1.0972, down on 0.09% a day, during Wednesday’s Asian session. The pair’s recent pullback takes clues

Fed could adopt yield curve control

A report by Bloomberg's Liz McCormick and Craig Torres says the US Federal Reserve (Fed) may implement yield-curve control to cap yields on government

Trevor Neilson of i(x) investments: People need to get rid of the old, silly idea that capitalism must be amoral — or immoral — to produce returns

People need to get rid of the old, silly idea that capitalism must be amoral — or immoral — to produce returns. That has never been true and yet many on Wall Street believe it. Ihad the pleasure of interviewing Trevor Neilson, Co-Founder and CEO i(x) investments. Trevor is co-founder and CEO of i(x) investments, […]

7 Reasons WHY Transformational Leaders Resonate with Millennials in the Workplace

The Formula: Misunderstood Generation + Led By an Ideal Transformational Leader = A Powerful Workforce Edited by: Ms. Crevon Tarrance, J.D.

A person who feels appreciated will always do more than expected !

The long-term success of any company depends on the quality and loyalty of it’s employees. In this fast-paced, rapidly changing business environment in which corporate growth and profitability are critical, companies need to revamp their strategy for finding and retaining the best talent. According to research by Gallup less than 30 percent of employees say they […]

Why Prices Of Basic Items Soar In Nigeria Despite Petrol Cost Reduction

While inter-state travel across the country has been banned by the federal government, vehicles carrying essential supplies, as well as essential personnel, retain unrestricted movement. Effiong said the reality on the ground tells a different story.

Heavy rains may mar quality of Ugandan coffee crop: official

The weather is not good for drying the beans.

Robert Mugabe’s Lingering ‘Good’ Legacy?

He was Africa’s archetypal icon of post-colonial totalitarianism. Charismatic. Educated. Feared. Endowed with racist tribal arrogance. Unforgiving. 37 years of iron-fisted rule, Mugabe plundered all known indices of democratic decency. He ruthlessly suppressed opposition – incarcerating its leaders, mass-murdering their supporters. He habitually insulted Western leaders, decimated private property rights. Under his rule, cronies blossomed as inflation broke all post World War 2 records. By the time he was deposed in a ‘decent’ military coup, Zimbabwe was in a tailspin of obscene poverty. Despised by the international community, loathed by liberals and social democrats alike.

Guy Oseary Stepping Away From Day-to-Day Role at Maverick

Guy Oseary is stepping away from his day-to-day role at his management collective Maverick to consult for Live Nation CEO Michael Rapino and further concentrate on his tech and entertainment entrepreneurial interests.

Adamis Pharmaceuticals: Barely Holding On After Q1 Report

Adamis recently reported their Q1 earnings with a miss on EPS and revenue. The COVID-19 pandemic has had a significant impact on the company's US Compounding sa

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

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

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

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

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

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

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

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

Mining Gold in the Workplace Marketplace

Doug Kirkpatrick explains how leaders can help create individualized opportunities for employees in order to find the gold hidden in your workplace.

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

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

Southwest And JetBlue Top Annual List Of Most Satisfying Air Carriers

Travelers flying on Southwest Airlines and JetBlue Airways will end up relatively more satisfied with their journeys, according to new airline satisfaction data published this morning.

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

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

Annoying Security Line At Charlotte Airport Is Maybe A Good Sign For American Airlines

A video of a long security line at Charlotte Douglas was posted on Twitter Monday. On the negative side, the line recalled all the inconveniences of packed airports. On the plus side, same thing.

West Midlands has big fintech opportunity

The West Midlands has the potential to become a major UK fintech hub if it takes an integrated approach to maximising its advantages, according to a report.

A Deal Breaker

Let’s get clear about what a deal breaker is and what it isn’t...

Regional pubs snapped up as industry prepares to reopen

The Post Office Hotel in Moree, the Royal Hotel in Condobolin, the Neath Hotel in the Hunter Valley and the Yenda Hotel in Griffith changed hands for a total of $22m.

3 China-Proof Stocks To Consider As Trade Tensions Reignite

Stocks Analysis by Investing.com (Jesse Cohen/Investing.com) covering: S&P 500, Electronic Arts Inc, Facebook Inc, Square Inc. Read Investing.com (Jesse Cohen/Investing.com)'s latest article on Invest

COVID-19: Live Updates for Wednesday, May 27

COVID-19: Live Updates for Wednesday, May 27

With debt crunch looming, Sri Lanka needs help from its friends

With debt crunch looming, Sri Lanka needs help from its friends

Beleaguered sterling heads into a perfect storm

Beleaguered sterling heads into a perfect storm

Chart Of The Day: Gold Could Rally No Matter Which Way Stocks Go

Commodities Analysis by Investing.com (Pinchas Cohen/Investing.com) covering: XAU/USD, Gold Futures. Read Investing.com (Pinchas Cohen/Investing.com)'s latest article on Investing.com

S&P 500, Dow Indices On Course For Best May Performance Since 2009; USD Lags

Forex Analysis by Ashraf Laidi covering: EUR/USD, AUD/USD, USD/CAD, S&P 500. Read Ashraf Laidi's latest article on Investing.com

Stock - Wall Street Opens Higher as Cyclicals' Recovery Gains Strength

Stock - Wall Street Opens Higher as Cyclicals' Recovery Gains Strength

StockBeat: Banks Take up the Baton as Cyclical Rally Continues

StockBeat: Banks Take up the Baton as Cyclical Rally Continues

Boeing resumes 737 MAX production at low rate

Boeing resumes 737 MAX production at low rate

Starboard set to win eight board seats at GCP Applied Technologies: sources

Starboard set to win eight board seats at GCP Applied Technologies: sources

Day Ahead: Top 3 Things to Watch for May 28

Day Ahead: Top 3 Things to Watch for May 28

Hedge Funds Pay Up in U.S. to Poach From Rivals Stung by Turmoil

Izzy Englander sent his Millennium Management staff to work from home in early March. Since then, about 100 people have quietly joined the $42 billion hedge fund.

Home collection offers salve as Covid poses testing times for diagnostics companies

It’s testing times for the Indian diagnostic industry, which has witnessed a 80 per cent fall in patient visits and revenue. The operating loss in the short term, is pegged at ₹600- 2,200 crore this q

Indians prefer features such as AI camera, fingerprint sensor while purchasing budget smartphone: Study

The features such as Artificial Intelligence (AI) camera, fingerprint sensor and drop notch displays are the most-preferred features for consumers when looking for a budget smartphone, according to a

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

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

Gov’t to inject UGX 1 trillion in UDB to boost local production

Kampala, Uganda |  THE INDEPENDENT | President Yoweri Museveni has said that part of the 1.9 trillion shillings loan obtained from the International Monetary Fund (IMF) will be injected in the Uganda Development Bank (UDB), to enhance the country’s production capacity.  While commissioning the Lida Packaging products, a manufacturing company that has started producing face masks …

Concerted action in wake of Cyclone Amphan, COVID-19 should focus on building strong public infrastructure in Bengal

After Cyclone Amphan battered coastal and deltaic West Bengal on 20 May, the mammoth task of picking up the pieces can justifiably be said to have just begun. It took the Centre some time to react, but after Prime Minister Narendra Modi and Chief Minister Mamata Banerjee’s aerial survey on 22 May coordination seems to have been established.

Japan-EU Leaders’ meeting

H.E. Mr. Shinzo Abe, Prime Minister of Japan, H.E. Mr. Charles Michel, President of the European Council, and H.E. Dr. Ursula von der Leyen, President of the European Commission, held a Leaders Meeting via VTC on 26 May 2020. The leaders expressed their deepest sympathy with the victims of the COVID-19 pandemic. They recognised that […]

EUR/CHF: Awaiting EU Recovery Fund details in the 1.05-1.07 range – Credit Suisse

Analysts at Credit Suisse see a 1.05-1.07 range in EUR/CHF as the most likely outcome for the time being pending further details on the EU Recovery Fu