Germany’s Scholz sees recovery fund as more than money

German finance minister talks to POLITICO about the need to look beyond national economies to make an EU that can work for decades to come.

Euro zone economy to shrink between 8% and 12% this year: Christine Lagarde

Lagarde said the actual outcome would be between the "medium and "severe" scenarios

Mix of loans and grants in Commission €750bn package

Italy and Spain, the worst-hit EU countries by the coronavirus pandemic, will get much of the new money under the European Commission's recovery plans - that mark a turning point for the bloc in moving towards joint debt.

The European Union Is on the Brink of Historic Change

The Commission’s $825 billion rescue fund would break many taboos, possibly paving the way for EU taxes and an EU treasury

European Commissions unveils €750-billion recovery plan

The European Commission proposed a €750-billion aid package to help Europe’s economic recovery from the fallout of the coronavirus pandemic on Wednesday

Battle ahead for EU's massive virus recovery plan

If passed, this proposal would be the biggest European Union stimulus package in history. But Germany predicts talks would drag on until the end of 2020.

EU to Propose €750bn Covid Recovery Package to Tackle 'Unprecedented Crisis'

The plan comes as the 27-member bloc faces the prospect of a deep EU-wide recession. Nearly all member states have breached EU deficit limits as they have rushed to...

Sebastian Kurz cautious on Commission’s €750B recovery blueprint

Austrian chancellor, a leader of EU’s frugal faction, tells POLITICO he sees some positives in proposal.

Surprising Euro Strength

Italian public finances are rapidly becoming unsustainable without the ECB buying large quantities of its debt, the Merkel/Macron plan is no alternative. Withou

How Microsoft's Azure Is Helping In The Fight Against COVID-19

Microsoft's cloud business, Azure, along with artificial intelligence is being used by companies and the CDC to battle COVID-19. Microsoft is likely to be a hig

'Obvious' Shorts: The Highest Borrowing Fee Stocks In The U.S. Market Of May 2020

High borrowing fees are a red flag for a stock. I compiled a list of stocks that have 50%+ fees to borrow (for shorting). Canadian cannabis and corona-related s

Workday Shares Have Become A GARP Story - And A Good One At That

Workday will be announcing the results of its fiscal Q1 (ended 4/30/30) this Wednesday, May 27th. At this point, expectations are muted reflecting the extent to

Venus Concept Inc.: A COVID-19 Casualty That Makes A Case For Recovery

Venus Concept develops, commercializes, and delivers minimally invasive and non-invasive medical aesthetic and hair restoration technologies and related aesthet

10 Value Stocks to Buy From the Vanguard U.S. Value Factor ETF

The gap between expensive stocks and cheap value stocks to buy is wider than it has ever been. That's an opportunity for investors.

Is Northern Oil And Gas Worth The Risk At This Price

We discuss Northern Oil and Gas's unique business model and how it may be a strategic advantage. We lay out the company's history of share dilution and will let

Better Buy: IBM vs. McDonald's

Learn which iconic brand is positioned for success after the COVID-19 pandemic.

AMD: 100X P/E Ratio Is Not Supported By 2020 Revenue Projections

No stock can maintain a 100x PE ratio without booming revenue. A recession/depression will depress overall demand. Competitor Intel is projecting a weak quarter

Indian Banks may need $20-50 bn capital over next 1-2 years as bad loans set to rise

Fitch Ratings has pegged the total capital requirement for India's banking sector at $50 billion.

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

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

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

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

Debt downgrades can push India bank fund raising to $20 billion

A legacy of bad loans, a shadow banking implosion and a historic bank bailout in March have left Indian lenders weakened coming into the coronavirus lockdown.

RBI’s loan moratorium may spell trouble for NBFCs looking for funds, as investors’ trust weakens

The effect of loan moratorium is expected to make a dent in the liquidity profiles of non-banking finance companies.

A survival-of-the-fittest approach towards MSMEs

The structuring of their relief package suggests that the Centre is only keen to ensure the sustenance of somewhat large and viable MSMEs

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

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

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

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

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

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

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

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

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

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

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

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

A ‘capital war’ is accelerating between the US and China, and the coronavirus pandemic is only making it worse, according to one investor

The coronavirus pandemic has accelerated a trade, technology, and capital war between the US and China, according to Michael Howell, CEO of CrossBorder Capital.

A 'capital war' is accelerating between the US and China, and the coronavirus pandemic is only making it worse, according to one investor, Business Insider - Business Insider Singapore

Business Insider - "We're in a world where capital wars matter," Michael Howell, CEO of Crossborder Capital, said in a Tuesday interview with CNBC.. Read more at businessinsider.sg

A 'capital war' is accelerating between the US and China, and the coronavirus pandemic is only making it worse, according to one investor

"We're in a world where capital wars matter," Michael Howell, CEO of Crossborder Capital, said in a Tuesday interview with CNBC.

Google is facing antitrust scrutiny in India for unfairly promoting its Google Pay app over competitors, Business Insider - Business Insider Singapore

Business Insider - India's antitrust body is said to be investigating a complaint that Google has unfairly promoted its Google Pay app over competitors.. Read more at businessinsider.sg

Google is facing antitrust scrutiny in India for unfairly promoting its Google Pay app over competitors

India's antitrust body is said to be investigating a complaint that Google has unfairly promoted its Google Pay app over competitors.

Google is facing antitrust scrutiny in India for unfairly promoting its Google Pay app over competitors

Google is facing a potential antitrust case in India over its mobile payments app, according to a new report from Reuters.

International students are torn on whether to study in Britain as universities contemplate virtual classrooms

One in five students in the UK is from overseas — and many come for the highly collaborative seminars, which may not be possible this year.

International students are torn on whether to study in Britain as universities contemplate virtual classrooms

Much like every other industry, the coronavirus pandemic has thrown uncertainty into the air for Britain’s universities. Students living both in the UK and abroad have raised questions about the viability of travel and study when Britain eventually returns from lockdown.

International students are torn on whether to study in Britain as universities contemplate virtual classrooms, Business Insider - Business Insider Singapore

Business Insider - One in five students in the UK is from overseas — and many come for the highly collaborative seminars, which may not be possible this year.. Read more at businessinsider.sg

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

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

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

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

Examinership case hears of 14 'credible' expressions of interest in firm behind Joe.ie

An examiner has been appointed by the High Court to come up with a survival plan for a digital media company behind Joe.ie.

Court hears 14 ‘credible’ expressions of interest in Joe.ie company

Examiner appointed to Maximum Media Network

Price Chopper: Tesla Sinks Stickers As U.S. Factory Comes Back Online

Hoping to reduce the coronavirus pandemic's strain on its balance sheet, Tesla slashed prices on three of its four models on Wednesday.

Tesla slashes EV prices by as much as six percent in North America

Tesla has slashed the price of its electric vehicles by as much as six percent in North America due to waning demand caused by the ongoing Covid-19 pandemic.

Tuesday Morning becomes 5th big retailer to file Chapter 11

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

Tuesday Morning becomes 5th big retailer to file Chapter 11

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

Photronics Inc. (PLAB) CEO Peter Kirlin on Q2 2020 Results - Earnings Call Transcript

Photronics, Inc. (NASDAQ:PLAB) Q2 2020 Earnings Conference Call May 27, 2020 08:30 A.M. ET Company Participants Troy Dewar - VP, IR Peter S. Kirlin - CEO John P

Petropavlovsk PLC (PPLKF) CEO Pavel Maslovskiy on Q4 2019 Results - Earnings Call Transcript

Petropavlovsk PLC (OTC:PPLKF) Q4 2019 Results Earnings Conference Call May 27, 2020, 03:30 AM ET Company Participants Patrick Pittaway - Head of Investor Relati

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

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

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

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

The coronavirus crisis will be ‘hugely beneficial’ to Amazon and other tech giants, billionaire investor Bill Ackman said

Stocks may be outperforming because US technology titans are poised to become even more dominant thanks to the coronavirus pandemic, billionaire investor Bill Ackman told The New York Times earlier this month.

The coronavirus crisis will be 'hugely beneficial' to Amazon and other tech giants, billionaire investor Bill Ackman said, Business Insider - Business Insider Singapore

Business Insider - To the extent that investors are driving up stocks to reflect tech's bright prospects, the market "doesn't seem wrong to me," Ackman said.. Read more at businessinsider.sg

Boeing will lay off nearly 7,000 workers as the industry is decimated by the COVID-19 pandemic

Boeing said on Wednesday that it will lay off 6,770 US employees, “the first” wave of an expected round of job cuts as the coronavirus pandemic wreaks havoc on the aerospace sector.

Boeing will lay off nearly 7,000 workers as the industry is decimated by the COVID-19 pandemic, Business Insider - Business Insider Singapore

Business Insider - The company described the layoffs as "the first," with more expected later in the year.. Read more at businessinsider.sg

68% of newly unemployed American workers could earn more money from government benefits than they did from their pre-pandemic jobs, research claims, Business Insider - Business Insider Singapore

Business Insider - Jobless data showed last week that about 39 million people in total have filed for unemployment in the last nine weeks of the pandemic.. Read more at businessinsider.sg

68% of newly unemployed American workers could earn more money from government benefits than they did from their pre-pandemic jobs, research claims

More than two-thirds of American workers who have filed for unemployment during the coronavirus are likely earning more from government insurance than they were when they had a job, according to research published by the National Bureau of Economic Research this week.

USD/CAD extends rebound, trades above 1.3800 on oil selloff

The USD/CAD pair fell to its lowest level in more than two months at 1.3725 on Wednesday and staged a decisive recovery in the second half of the day.

WTI tumbles more than 5% toward $32.00

WTI (July futures on Nymex) broke to the downside and lost 4% in a few minutes, falling to $32.10, the lowest level since last Friday. The price is lo

‘Mothership’ office on horizon but don't write off London, says Canary Wharf boss

LONDON, May 27 — The coronavirus crisis is accelerating a move to a new type of office which will be more of a “mothership” model with people working from multiple locations, though it is too early to write off mega cities such as London, Canary Wharf’s manager said. As well as causing more...

'Mothership' office on horizon but don't write off London, says Canary Wharf boss

LONDON (Reuters) - The coronavirus crisis is accelerating a move to a new type of office which will be more of a “mothership” model with people working from multiple locations, though it is too early to write off mega cities such as London, Canary Wharf’s manager said.

Samsung Money: This is Samsung’s answer to the Apple Card

As reported previously, Samsung is introducing a physical debit card that’s integrated with Samsung Pay. The solution is called Samsung Money and it’s released in partnership with SoFi and Mastercard.

Samsung Unveils 'Samsung Money' Cash Management Account and Mastercard Debit Card

Samsung has introduced 'Samsung Money by SoFi', a new mobile-first money management experience that offers a cash management account, Mastercard debit card, and exclusive Samsung Pay benefits.

Netflix: Behind The Account Culling

On May 21, 2020, Netflix announced they would be culling accounts dormant for over a year. The company indicated they didn't want people to pay for a service th

LINK Has Grown 4x In The Last Year, And May Keep Growing

Chainlink was likely the best altcoin investment of the last 12 months - up nearly 4x from its $1 price last May. Partnerships continue to increase, including a

Etsy: Downgrading On Valuation And Competition

Shares of Etsy have been a major outperformed this year, rising 64% year-to-date despite a ~10% decline in the broader markets. The company has continued strong

Akshay Kumar Donates Rs 45 Lakhs To CINTAA, Extends Help To Junior Artists & Daily Wage Earners

The Bollywood superstar extended financial assistance to Cine and Television Artists association amid the Coronavirus crisis.

Best tax software 2020: TurboTax, H&R Block, and more

In order to determine the best tax software, we reviewed offerings from about a dozen online tax preparers like TurboTax, H&R Block, and TaxAct.

Piyush Goyal asks industry to start working for post-Covid period; says worst for economy is over

India Business News: Commerce and industry minister Piyush Goyal on Wednesday asked the industry to start working for the post-COVID period with good ideas and firm implem

Phase 3 still weeks away

British Columbia is now in the second week of its Phase 2 of reopening businesses, but any thoughts of removing additional COVID-19 restrictions is still at least three weeks away.

Realtors dismiss 'nightmare'

Canada Mortgage and Housing Corp. (CMHC) released a housing forecast May 27 that envisioned a nightmare collapse of the housing market with national sales dropping up to 29 per cent, starts plunging by 50-70 per cent and average house prices dropping as much as 18 per cent with no real recovery until 2022.

Not E3: Sony is planning a PlayStation 5 event for June 3

PlayStation 5 is getting a reveal event next week. This will provide a look at next-gen games. Sony wants to focus on games running on real hardware.

Taseko signs deal for Yellowhead copper project in Canada

Taseko Mines has signed an agreement with an indigenous nation as it seeks to secure regulatory approval for the Yellowhead copper project in Canada.

'Mother of all sales' predicted for Devon and Cornwall's shops as they reopen

According to experts, there could be the 'mother of all sales' for the next few months

Philips Avent’s final swansong before factory closure

A Suffolk manufacturing plant due to shut down in July has been providing headbands for facemasks during the coronavirus lockdown as its final swansong after operating for 84 years.

Indians are the most anxious over Covid fallout

Deloitte survey puts them at the top of a global anxiety index

Germany based Digital Bank N26 Publishes Survey Results Including US and European Markets

N26, a Germany-based digital bank that recently closed on $100 million funding as part of an extended Series D, is distributing survey results regarding the US

Applied Materials Could Be The First U.S. Victim China Sanctions

Applied Materials' acquisition of Hitachi Kokusai Electric is being held up awaiting regulatory approval from China. Hitachi Kokusai holds a strong position in

Tesla: China Trade War Risk

President Trump will use China virus in his re-election campaign. Chinese government and consumers may push back on US companies. Stronger US Dollar will impact

We're In A Recession, Start A Company

We are in a severe recession with a lot of bad news, yet the amount of effort being put out to build new companies and restructure old companies is amazing. Is

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

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

BC Ferries losing up to $1.5 million each day as pandemic tanks ridership

The company does not qualify for the wage subsidy

New Zealand Facing Largest Decline In GDP In 160 Years

Estimates from the Reserve Bank today show New Zealand will this year experience the largest decline in annual GDP in at least 160 years, highlighting the seriousness of the economic crisis we are facing, National’s Finance Spokesperson Paul Goldsmith says.

More For Some, Less For Others

The Government’s new welfare scheme is ill targeted and provides the most support to those who need it the least, National’s Social Development spokesperson Louise Upston says.

Mainetti To Launch M-care PPE Range

HONG KONG, May 27, 2020 - (ACN Newswire) - Mainetti Group is pleased to announce a new range of personal protective equipment (PPE), "M-care", available to customers in support of mitigating the risks of COVID-19. The M-care product range features a "Made in Hong Kong" disposal mask, manufactured to EN14683 Type IIR and ASTM F2100 Level 2 standards, ensuring that Made in Hong Kong continues to be associated with product quality.

Phil Twyford Big On Promises But Can’t Deliver

Economic Development Minister Phil Twyford has continued his streak of non-delivery with no infrastructure projects underway since calling for industry to come forward with shovel ready projects two months ago, National’s Economic Development spokesperson Judith Collins says.

Lane Neave Advises MIE Pay On Australian Listing

Lane Neave has advised financial and technology company MIE Pay Limited on the New Zealand aspects of its listing on the National Stock Exchange of Australia.

Government Investment Supports The Acquisition Of New Interislander Ferries

State-Owned Enterprises Minister Winston Peters has welcomed KiwiRail’s announcement that it is seeking a preferred shipyard to build two new rail-enabled ferries for the Cook Strait crossing.

Air New Zealand Carepoints Donations Ramp Up

Just five days after the launch of the Air New Zealand Carepoints™ programme, the airline’s Airpoints™ members have already donated more than 172,000 Airpoints Dollars™ to Kiwis in need, smashing the initial 150,000 donation target.

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

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

“Pick for Britain” is a Smoke and Mirrors Campaign – Political Commentator

According to reports, the British economy could be set to suffer a five percent annual deficit by 2024, as a result of the coronavirus pandemic. Unemployment rates are...

IndoStar Capital Finance raises Rs 1,225 crore

IndoStar has assets under management of around Rs 10,200 crore and has nearly 70,000 customers.

Chinese and French State-owned Enterprises Bid to Construct UK's Second Nuclear Reactor in UK

As the United Kingdom looks to revive its economy as it emerges from the coronavirus pandemic and pursues trade agreements after formally withdrawing from the European...

Our state needs to improve COVID spending transparency to increase public trust

Transparency and accurate information are needed to maintain trust in states' virus response programs. Gov. Jay Inslee must proactively disclose more details of Washington's COVID-19 spending.

60% women in India own gold jewellery: WGC survey

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

NABARD gets its new chief, G R Chintala

Should your long-term plans go on hold in these volatile times?

Adam Rhodes, Managing Director of Rhodes Wealth Management, shares his thoughts on the current market climate

TD Ameritrade Launches Web-Based Version of thinkorswim Platform

TD Ameritrade, a broker-dealer subsidiary of TD ‎Ameritrade Holding Corporation‏,‏‎ has launched a web based version of its thinkorswim® trading platform.

America’s threat to delist Chinese companies could make everybody better off

Far from confirming fears of a widespread delisting of Chinese firms, a proposed U.S. law will likely improve the investment environment.

Carlyle-backed ZoomInfo looks to raise about $800 million in Nasdaq listing

(Reuters) - ZoomInfo Technologies Inc expects to raise up to $801 million in its U.S. initial public offering (IPO), as the market for new issues rebounds after the COVID-19 pandemic put several debuts on hold for a couple of months.

Nokia veteran Sari Baldauf takes over as 5G battle rages

HELSINKI (Reuters) - Sari Baldauf took over as chairwoman of telecoms equipment maker Nokia (NOKIA.HE) on Wednesday, succeeding Risto Siilasmaa who chaired the Finnish firm for eight years.

1,500 scientists call for voice at Cabinet to stop Ireland becoming science 'backwater'

More than 1,500 scientists, including many leading the fight against Covid-19, are calling for a voice for science at the Cabinet table.

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

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

Food industry can weather global economic shock: BKPM

Domestic investment dominates the industry, with Rp 7.3 trillion (US$494.6 million) from January to March this year, compared to $298 million in foreign direct investment (FDI) in the same period.

New Lenders Approved for CBILS

The British Business Bank has announced the approval of four new lenders for accreditation under the Coronavirus Business Interruption Loan Scheme (CBILS). The

April manufacturing IIP to contract by 50-60 per cent: Report

"We believe IIP manufacturing and IIP in April will contract by 50% -60% with some improvement in May in the range of -30% to -35%" said the SBI report released on Wednesday. Official release of IIP numbers for April are scheduled to be released in the second week of June.

Google Pay rolls out Nearby Stores feature in 35 Indian cities

Last month, the feature was launched only in a few cities. The feature referred to as Spot by the company is a commerce layer on the app. It enables businesses to open mini digital storefronts within the payment app where users can browse for products and services.

Central Bank reports €2.5bn profit for last year

The Central Bank is reporting a profit of over €2.5bn for last year – with just over €2bn o...

Exclusive: Akshay Kumar Transfers Rs 45 Lakh To Needy Actors’ Bank Account!

After Salman Khan, now Akshay Kumar has directly transferred money to several actors’ accounts. An actor named Pranay Narayan confirmed to FilmiBeat that actors have received Rs 3000 each in their respective accounts from Akshay Kumar.

Some Aer Lingus cabin crew to be temporarily laid off

Aer Lingus has told its Shannon-based cabin crew that they are to be temporarily laid off, while those based in Dublin and Cork are to see rosters and pay reduced from 50% to 30% of normal.

SBI extends moratorium on loans by three months

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

Will Uncle Sam Soon Pay Companies To ‘Reshore’ Factories Back To America?

Will the U.S. government pay American companies to "near shore" supply chains, incentivizing a pivot away from China?

Retail Reopening Hinges On Dangerous Discounts

Retailers want to bring shoppers back into stores, but discounting could have repercussions.

Lexus Gains A Partner In Online Reputation Management

Lexus announced that it will partner with Widewail, an automotive reputation management and social media engagement solution.

Global stocks rise as lockdown measures ease further

Stock markets rose on Wednesday as more easing of coronavirus lockdowns created a positive buzz on trading floors, analysts said.

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

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

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

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

Heat wave likely to recede in Central India from May 29 onwards: IMD

The IMD predicted that maximum temepratures in North India likely to recede from May 28

As SPCE Stock Remains a Moonshot, Stay on the Sidelines

A "wait-and-see" approach may be the best way to play SPCE stock, as the company remains highly speculative.

Japan OKs funds for US$1.1T stimulus to fight pandemic woes

Japan's Cabinet approved a proposed 32 trillion yen (US$296 billion) supplementary budget on Wednesday to help fund $1.1 trillion in measures to cushion the blow to the economy from the coronavirus pandemic.

Why General Electric Stock Jumped Nearly 10% at the Open Today

The conglomerate's turnaround effort took another (small) step forward with the sale of an iconic division.

Google faces India mobile payments competition claim

Google could be the latest mobile payments provider probed by authorities in India, as reports ...

Liquor outlets in Kerala to open on May 28; new app to regulate customers

Using the mobile app, people will receive an e-token to book the time slot to visit the nearest outlet and this would reduce the crowds seen earlier, State Excise Minister T P Ramakrishnan said. The state-run liquor outlets and other bar and beer and wine shops were closed since March 24, when the centre declared nati

Northumberland Roman site gets rescue package to help it through coronavirus crisis

Vindolanda Trust gets loan from Lloyds Bank to help mitigate huge loss of visitor income

New turbulence in high-stakes Lufthansa rescue drama

Lufthansa says its supervisory board is currently 'unable to approve' the aid package from Germany, as conditions must be 'analyzed intensively'

Beware of False Bottoms: Comparing Bitcoin and the S&P 500 to 1929’s Great Depression

False bottoms in Bitcoin and a comparison between the S&P 500 now and in 1929 suggest that more downside could be ahead, just like in 1929.

Stocks mixed as tech sector weighs on the market

Stocks were mixed Wednesday as a decline in tech shares kept the gains in check.

Coromandel International's Q4 PBT rises 91%, total income up 8.84%

The total income for the quarter rose 8.84 per cent to Rs 2880.82 crore from Rs 2646.96 crore in the year ago period.

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

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

Bond market signals rocky road ahead for Tata Motors, Jaguar Land Rover

JLR bonds trading at record yield of 13.2%, more than double since the pandemic broke out

NTPC to enter distribution space, eyes ADAG's two BSES discoms in Delhi

The ADAG has two discoms namely BSES Rajdhani Power Ltd (BRPL) and BSES Yamuna Power Ltd (BYPL)

Nio Stock Is a Solid Buy After Rough Week

Nio stock took a beating in 2019, but the company is positioned for growth in 2020, with improving sales and extended Chinese EV subsidies.

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

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

Govt orders probe against Jaiprakash Associates, Jaypee Infratech

The Jaypee group has already sold many cement and power plants to reduce its debt

Indian economy may expand by around 5% in FY22: Ex-RBI governor Subbarao

According to Subbarao, the country is going to face its worst recession in the current financial year

Adani Power gets approval to set up 1,320 MW plant in Madhya Pradesh

Pench Thermal Energy has signed a power purchase agreement with MP Power Management Company Ltd (MPPMCL) for procurement of 1,320 MW of electricity on long-term basis

Reliance Jio pushed internet usage in India, coronavirus to accelerate it further: Morgan Stanley

While Mukesh Ambani’s Reliance Jio brought telecom services revolution in India, the coronavirus pandemic will give a further push to digital adoption in the country as more and more people take to e-commerce to buy products.

This will be the Indian Railways Dehradun station soon! Developers like GMR, Mahindra attend pre-bid meeting

World-class Indian Railways Dehradun railway station is one step closer! The pre-bid meeting was attended by 22 potential investors like the GMR Group, Adani Road Transport Ltd.

50% of consumers expect to increase ecommerce spends in the next one month: Facebook-BCG Report

The report also reveals how 43% consumers are expecting decrease in overall spend in the next six months

With overseas IPO for Jio Platforms, Mukesh Ambani may look to cash in on tech cold war with China

Going to the New York Stock Exchange or Nasdaq would make sense. U.S.-traded Chinese technology firms such as JD.com Inc. and NetEase Inc. are looking for an alternative home closer to the mainland in case tensions between Washington and Beijing escalate, as my colleague Nisha Gopalan wrote this week.

BPCL privatisation bid deadline extended; check new date

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

Animal Spirits stuck at the same place as lockdown stall economic activity

The dashboard signals Asia’s third-largest economy had a dismal start to the new fiscal year from April 1, after what’s been an already disappointing beginning to the calendar year.

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

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

Coronavirus impact: Cement production to witness steepest fall ever of upto 30% in FY21

The slowdown in cement industry, which was already impacted by tepid economic activity, was compounded by the coronavirus-led lockdown instituted in March

SA plans R357bn infrastructure fund, ANC says

Focusing on ‘network industries’ such as rail and ports, energy, broadband connectivity, water, sanitation and human settlements.

Can AI bring back productivity that other technology has squandered?

How do you know you had a good day at work? If you did, how would your boss know?

S&P/TSX composite down as materials sector falls, U.S. stocks mixed

TORONTO — Canada's main stock index was down in late-morning trading as strength in the financial sector couldn't offset broad-based weakness on the Toronto Stock Exchange led by the materials sector. The S&P/TSX composite index was down 139.

Shah Rukh Khan’s Kolkata Knight Riders To Support Government Raising Funds For Amphan Aftermath

Shah Rukh Khan's Kolkata Knight Riders along with Meer Foundation announced several initiatives to support the ongoing efforts of the Government to battle the aftermath of Amphan.West Bengal Chief

Public University staff withdraw labour over salary enhancement woes

Kampala, Uganda | THE INDEPENDENT | Academic staff in Public Universities have resolved to withdraw their labour citing inequalities in the distribution of the 50 billion Shillings provided by the government to enhance their salaries. In April this year, the Ministry of Education released a salary distribution schedule indicating a significant increment in the salaries …

Bankrupt Hertz just told all of its landlords it won't pay rent for six months in the latest slam to commercial real estate, Business Insider - Business Insider Singapore

Business Insider - The notice came several days before Hertz, saddled with a debt of $19 billion, declared bankruptcy on May 22.. Read more at businessinsider.sg

GE switches off light bulb business after almost 130 years

GE started with lighting, but today it’s more of an “industry and debt” firm.

Crisis Looming Over Handlooms: Six Relief And Revival Measures That Can Help The Sector Tide Over The Impact Of Covid-19 

Since mills are under lockdown, yarn supplies have come to a grinding halt, hitting the handloom sector severely.

Smarter energy use is key to a greener future

LED lightbulbs, programmable thermostats, high-density insulation and electric vehicles—despite these innovations, about two-thirds of the energy produced in the U.S. is lost to inefficiencies, according ...

Pennsylvania lawmakers unveil two-part budget plan

Pennsylvania lawmakers unveiled a two-part budget strategy this week as uncertainty over the state’s tax revenues grows.

GBP/USD extends losses and approaches 1.2200

The cable is dropping sharply on Wednesday, losing nearly 1% on the day after having peaked at 1.2353 to reach levels right above 1.2200. Investor’s

Germany's DAX 30 Index: German stocks gain despite sell-off in tech shares

A sell-off in technology stocks dragged on the German stock market on Wednesday. Nevertheless, the DAX closed the eighth of its last nine trading days

Gold Price Analysis: XAU/USD declines to 2-week lows, challenges $1700/oz

XAU/USD is losing considerable strength while trading below the main SMAs on the four-hour chart. Gold is slowly reversing its monthly gains while challenging

S&P 500 Price Analysis: Pushing against the 3000 level on hopes of economic recovery

The S&P 500 Index has retrieved the whole coronavirus slump to reach levels beyond 3000 for the first time since early March. Investor’s optimism abou

Amazon Will Take Robot Cars to a Whole New Level

Zoox's driverless car ambitions fit perfectly with Amazon's mission to get more things to more customers faster and cheaper.

How about giving the middle class a break?

They are the heart of India’s consumption engine but seldom get a policy look-in

Moderate participation expected in spectrum auctions: ICRA

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

Stringent lockdown further reduced GDP forecast: Fitch

IANS New Delhi India’s stringent lockdown norms have lasted longer than expected, said Fitch Ratings as it further reduced India’s GDP forecast to (-)

2 out of 3 MSMEs are well-placed in lockdown

IANS New Delhi Two out of three micro, small and medium enterprises (MSMEs) are well-placed to surge through the lockdown while 30 per cent are very stron

Coal India arm awaits Centre nod for mining project in Assam

PTI Guwahati Coal India arm North Eastern Coalfields (NEC) has said its mining operations in Tikak Open Cast Project (OCP), under Saleki Proposed Reserve

RIL expanded in every conceivable technology trend: report

IANS Mumbai Reliance Industries (RIL) has expanded its horizon in every conceivable technology trend and the investments made by the company are bridging

Moderna falls 20% amid reports that insiders have sold $89 million in shares this year as the stock has spiked (MRNA)

Moderna dropped as much as 20% on Wednesday amid a report from StatNews that insiders at the biotech company have liquidated $89 million in stock so far in 2020.

Wharton professor Jeremy Siegel lays out why a record-high stock market in 2020 remains 'a real possibility'

The stock market can still set new record highs in 2020 thanks to fresh risk-on attitude and the Federal Reserve's stimulus, Wharton finance pro...

Dow climbs 350 points as investors cheer efforts to boost global economies

US stocks rose on Wednesday as investors were encouraged by signs that global authorities were taking measures to boost economies. The European ...

Kedah state govt will help out KFA, says MB Sanusi

ALOR SETAR, May 27 — The state government views seriously the issues faced by the Kedah Football Association (KFA) and will work to assist the body, especially in terms of settling salary arrears for its players. Mentri Besar Muhammad Sanusi Md Nor said although KFA was not a government agency,...

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

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

Board postpones cuts for a year

However, the entity reduced payment to bondholders by 65 percent

Don’t Rush to Buy Delta Stock, There’s Plenty of Time to Bottom Fish

While bottom fishers are scooping up airline stocks, DAL stock looks unlikely to make a significant recovery anytime soon.

Why the Math Doesn’t Work for Chesapeake Energy

When you’re competing in an overly saturated market with extremely poor financials, it will never end well. That’s why you must avoid CHK stock.